New Clause 3 - Review of impact of earlier start date of the levy

Energy (Oil and Gas) Profits Levy Bill – in the House of Commons at 6:45 pm on 11th July 2022.

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Votes in this debate

“The Chancellor of the Exchequer must, within three months of this Act receiving Royal Assent, publish an assessment of how much the levy would have raised between 9 January 2022 and 25 May 2022 if it had been in place from 9 January 2022.” —(James Murray.)

This new clause requires an assessment, within three months of the Bill becoming law, of how much extra revenue would have been raised if the levy had been introduced on 9 January 2022 rather than 26 May 2022.

Brought up, and read the First time.

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

Division number 32 Energy (Oil and Gas) Profits Levy Bill — New Clause 3 - Review of impact of earlier start date of the levy

Aye: 204 MPs

No: 287 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The Committee divided: Ayes 203, Noes 289.

Question accordingly negatived.

The Deputy Speaker resumed the Chair.

Bill reported, without amendment.

Bill, not amended in Committee, considered.

Bill read the Third time and passed.