New Clause 2 - Report on fiscal effects: relief for investment expenditure

Finance Bill – in the House of Commons at 3:45 pm on 10 December 2024.

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Votes in this debate

“The Chancellor of the Exchequer must, within six months of the passing of this Act, lay before Parliament a report setting out the impact of the measures contained in clause 16 of this Act on tax revenue.” —(Daisy Cooper.)

This new clause would require the Government to produce a report setting out the fiscal impact of the Bill’s changes to the Energy Profits Levy investment expenditure relief.

Brought up, and read the First time.

Question put, the clause be read a Second time.

Division number 60 Finance Bill Committee: New Clause 2

Aye: 74 MPs

No: 352 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

The Committee divided: Ayes 74, Noes 350.

Question accordingly negatived.