New Clause 25 - Review of freeports

Finance (No. 2) Bill – in the House of Commons at 11:00 pm on 19th April 2021.

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“(1) The Chancellor of the Exchequer must review the impact of sections 109 to 111 and schedules 21 and 22 of this Act and lay a report of that review before the House of Commons within six months of the passing of this Act and once a year thereafter.

(2) A review under this section must estimate the expected impact of sections 109 to 111 and schedules 21 and 22 on—

(a) job creation within the sites designated as freeports and across the UK as a whole,

(b) revenue from corporation tax and stamp duty land tax within the sites designated as freeports and across the UK as a whole,

(c) levels of artificial tax avoidance and tax evasion across the UK as a whole,

(d) levels of criminal activity,

(e) the necessary level of staffing for HMRC and the UK Border Force, and

(f) departmental spending by HMRC and other departments on enforcement.”—(Abena Oppong-Asare.)

This new clause would require the Government to review the impact of the provisions of the Act introducing freeports and publish regular reports setting out the findings.

Brought up, and read the First time.

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

Division number 266 Finance (No. 2) Bill — New Clause 25 - Review of freeports

Aye: 259 MPs

No: 366 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The Committee divided: Ayes 260, Noes 366.

Question accordingly negatived.

The list of Members currently certified as eligible for a proxy vote, and of the Members nominated as their proxy, is published at the end of today’s debates.

To report progress and ask leave to sit again.—(James Morris.)

The Deputy Speaker resumed the Chair.

Progress reported; Committee to sit again tomorrow.