‘(1) The Chancellor of the Exchequer must commission a review of how the changes to the tax on dividend income implemented by this Act affect directors of micro-business companies, to include—
(a) the impacts across the distribution of such directors’ net income;
(b) the impact on company failure rates; and
(c) options for amending the law to minimise the impact on such directors who are on low incomes.
(2) The Chancellor must lay a report of the review before both Houses of Parliament within six months of the passing of this Act.”—(Philip Boswell.)
Brought up, and read the First time.
Question put, That the clause be read a Second time.
The House divided:
Ayes 261, Noes 309.