New Clause 1 — Report on impact of value added tax

Bill Presented – in the House of Commons at 4:15 pm on 25th March 2015.

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(1) The Chancellor of the Exchequer shall, within three months of the passing of this Act, publish a report on the impact of the increase in the standard rate of VAT which took effect from 4 January 2011.

(2) The report must estimate the impact of the increase in the standard rate of value added tax on—

(a) living standards;

(b) small businesses;

(c) the fairness of the taxation system; and

(d) economic growth.—(Shabana Mahmood.)

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The Committee divided:

Ayes 231, Noes 305.

Division number 184

See full list of votes (From The Public Whip)

Aye

No

Question accordingly negatived.