Clause 9 - Super-deductions and other temporary first-year allowances

Finance Bill – in the House of Commons at 7:15 pm on 24th May 2021.

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Votes in this debate

Amendment proposed: 29, page 4, line 2, at end insert

“provided that any such company must also not be liable to the digital services tax”.—(James Murray.)

Question put, That the amendment be made.

Division number 7 Finance Bill — Clause 9 - Super-deductions and other temporary first-year allowances

Aye: 268 MPs

No: 356 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The House divided: Ayes 268, Noes 357.

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.

Amendment made: 2, page 5, line 9, at end insert—

“(8A) General exclusion 6 in section 46(2) of CAA 2001 (expenditure on provision of plant or machinery for leasing) does not prevent expenditure being super-deduction expenditure or SR allowance expenditure if the plant or machinery is provided for leasing under an excluded lease of background plant or machinery for a building (as defined by section 70R of that Act).”—(Scott Mann.)

This amendment will enable background plant and machinery in leased property to qualify for a super-deduction or an SR allowance.