New Clause 29 - Review of tax avoidance measures

Finance (No. 2) Bill – in the House of Commons at 4:15 pm on 20th April 2021.

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Votes in this debate

“(1) The Chancellor of the Exchequer must review the impact of sections 117 to 121 and Schedules 29 to 32 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 then annually for five further years.

(2) A review under this section must estimate the expected impact of sections 117 to 121 and Schedules 29 to 32 on—

(a) levels of tax avoidance,

(b) levels of tax evasion, and

(c) reducing the tax gap in each tax year from 2021-22 to 2025-26.”—(James Murray.)

This new clause would require the Government to review the impact of the provisions relating to tax avoidance and publish regular reports setting out their findings.

Brought up, and read the First time.

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

Division number 267 Finance (No. 2) Bill — New Clause 29 - Review of tax avoidance measures

Aye: 261 MPs

No: 366 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The House divided: Ayes 261, 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.