“(1) The Chancellor of the Exchequer must review the revenue effects of this Act and lay a report before the House of Commons within six months of the passing of this Act and every 12 months thereafter.
(2) Any review under this section must include an assessment of—
(a) the impact of this Act on revenue derived from—
(i) employment, and
(ii) self-employment; and
(b) the impact of the revenues under this Act from employment and self-employment on the revenues derived from taxation on—
(ii) rental income, and
(iii) other forms of personal income.”—(James Murray.)
This new clause would require the Chancellor to report to the House on the impact of the Act on tax revenue derived from different sources of income.
Brought up, and read the First time.
Question put, That the clause be read a Second time.