Liam Byrne

Labour MP for Birmingham, Hodge Hill

@LiamByrneMP https://facebook.com/LiamByrneHodgeHill

Incentives for Companies to Invest in Assets

The tax incentive for companies to invest in assets (eg. new equipment) is determined by the "annual investment allowance" - the amount spent on investing assets in a year which companies (or self-employed individuals) can deduct from their profits prior to the calculation of corporation tax.

Photo: HM Treasury

Liam Byrne generally voted against stronger tax incentives for companies to invest in assets

TheyWorkForYou has automatically calculated this MP’s stance based on all of their votes on the topic. You can browse the source data on PublicWhip.org.uk.

Key votes about stronger tax incentives for companies to invest in assets:

  • On 24 May 2021: Liam Byrne voted to exclude large digital services companies from tax incentives for investment in plant or machinery. Show vote
  • On 19 Apr 2021: Liam Byrne voted to exclude large digital services companies from tax incentives for investing in plant and machinery and to make such incentives conditional on support for unions and paying a living wage. Show vote
  • On 2 Jul 2014: Liam Byrne voted against increasing the personal income tax allowance, against reducing corporation tax, and against giving a greater tax incentive to companies investing in assets, as well against other measures in the Finance Bill. Show vote
  • On 1 Apr 2014: Liam Byrne voted against increasing the personal income tax allowance, against reducing corporation tax, and against giving a greater tax incentive to companies investing in assets, as well against other measures in the Finance Bill. Show vote
  • On 1 Apr 2014: Liam Byrne voted against increasing the personal income tax allowance, against reducing corporation tax, and against giving a greater tax incentive to companies investing in assets, as well against other measures in the Finance Bill. Show vote
  • On 1 Apr 2014: Liam Byrne voted against increasing the personal income tax allowance, against reducing corporation tax, and against giving a greater tax incentive to companies investing in assets, as well against other measures in the Finance Bill. Show vote
  • On 2 Jul 2013: Liam Byrne voted against introducing a general anti-abuse rule to tackle abusive tax avoidance, to raise the basic income tax free allowance, and to support other tax changes proposed in the Finance Bill. Show vote
  • On 15 Apr 2013: Liam Byrne was absent for a vote on Finance Bill 2013 — Second Reading Show vote
  • On 25 Mar 2013: Liam Byrne voted against the proposed budget for 2013-14 which proposed raising £612bn and spending £720bn; continuing to reduce corporation tax, introducing a scheme to help people buy homes worth up to £600,000 and to increase the personal income tax allowance for those of working age. Show vote
  • On 26 Mar 2012: Liam Byrne was absent for a vote on March 2012 Budget Show vote
  • On 5 Jul 2011: Liam Byrne voted against measures in the 2011 Budget including reducing the threshold for paying higher rate income tax, increasing the income tax free personal allowance, reducing corporation tax and reducing the main rate of corporation tax from 27 to 26%. Show vote
  • On 26 Apr 2011: Liam Byrne was absent for a vote on Finance Bill — Reject Second Reading Show vote
  • On 26 Apr 2011: Liam Byrne was absent for a vote on Finance Bill 2011 — Second Reading Show vote
  • On 29 Mar 2011: Liam Byrne voted against the March 2011 budget which outlined £710 billion of government spending for 2011-12 while only expecting to bring in £589bn; a corporation tax cut, an increase in the personal income tax free allowance and a presumption in favour of sustainable development. Show vote
  • On 29 Mar 2011: Liam Byrne voted against reducing the tax incentives for companies to invest in assets. Show vote
  • On 8 Jun 2010: Liam Byrne voted to criticise the economic measures contained in the Liberal - Conservative Coalition's programme for government Show vote

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For an explanation of the vote descriptions please see our page about voting information on TheyWorkForYou.

Profile photo: © Parliament (CC-BY 3.0)