Procedure (Future Taxation)

56. Insurance Premium Tax (Standard Rate) – in the House of Commons at 6:23 pm on 22 March 2016.

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Votes in this debate

  • Division number 225
    A majority of MPs voted to allow the Finance Bill to include provisions relating to specified matters taking effect in future years.

Question put,

That, notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions taking effect in a future year—

(a) provision about the basic rate limit for the purposes of income tax,

(b) provision about personal allowances for the purposes of income tax,

(c) provision restructuring income tax rates,

(d) provision about taxable benefits in respect of cars,

(e) provision about the tax treatment of payments from sporting testimonials which recognise the service of individuals who are or have been employed as professional sportspeople,

(f) provision about the standard lifetime allowance under Part 4 of the Finance Act 2004,

(g) provision for the purposes of income tax about finance-related expenses in connection with property businesses,

(h) provision for corporation tax to be charged for the financial year 2017,

(i) provision about the rate of corporation tax for the financial year 2020,

(j) provision for and in connection with the abolition of relief under Chapter 7 of Part 13 of the Corporation Tax Act 2009,

(k) provision for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of certain ordinary shares in unlisted companies,

(l) provision about inheritance tax,

(m) provision for and in connection with the imposition of a new tax in respect of payments of earnings to or for the benefit of employed earners,

(n) provision about climate change levy, and

(o) provision amending the description of vehicles which are exempt vehicles for the purposes of the Vehicle Excise and Registration Act 1994.

The House divided:

Ayes 297, Noes 62.

Division number 225 Procedure (Future Taxation) — Inclusion of Provisions Taking Effect in Future Years in the Finance Bill

A majority of MPs voted to allow the Finance Bill to include provisions relating to specified matters taking effect in future years.

Aye: 297 MPs

No: 62 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

Absent: 286 MPs

Absent: A-Z by last name

Question accordingly agreed to.