Taxation of Banks
There have been votes in Parliament on taxation of banks. The "banking levy" is one such tax: it is charged annually based on the amount a bank holds in assets,.
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Lucy Powell generally voted for higher taxes on banks
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TheyWorkForYou has calculated this MP’s stance based on votes we have grouped on this topic. Learn more.
You can browse the source
data on PublicWhip.org.uk. We are in the process of moving away from using the PublicWhip and there may be some discrepancies between the two sites.
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On 2 Feb 2022:
Lucy Powell was absent for a vote on Finance (No. 2) Bill — Third Reading
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On 1 Dec 2021:
Lucy Powell was absent for a vote on Finance (No. 2) Bill — Clause 6 — Rate of Surcharge and Surcharge Allowance — Tax on Bank Profits
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On 16 Nov 2021:
Lucy Powell voted against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028.
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On 16 Nov 2021:
Lucy Powell voted against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028.
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On 18 Dec 2017:
Lucy Powell was absent for a vote on Finance (No. 2) Bill — Schedule 9 — Bank Levy — Exclusion of Overseas Elements of UK Banking Groups
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On 11 Dec 2017:
Lucy Powell voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000.
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On 11 Dec 2017:
Lucy Powell voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000.
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On 28 Nov 2017:
Lucy Powell voted against narrowing the scope of the bank levy tax so it is calculated only on the basis of a bank's UK assets; against excluding overseas activities of UK headquartered banking groups from the charge.
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On 26 Oct 2015:
Lucy Powell voted against the measures in the Finance Bill including against an increase in the income tax personal allowance, and against capping the rates of VAT and income tax at their existing rates until the next general election.
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On 21 Jul 2015:
Lucy Powell was absent for a vote on Finance Bill 2015-16 — Decline Second Reading
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On 21 Jul 2015:
Lucy Powell was absent for a vote on Finance Bill 2015-16 — Second Reading
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On 25 Mar 2015:
Lucy Powell voted against a series of taxation related measures including increasing the personal income tax free allowance and increasing the threshold at which higher rate tax is charged.
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On 23 Mar 2015:
Lucy Powell voted against the the March 2015 budget which contained plans to spend £76bn more than was expected to be taken in and introduced a help to buy ISA, reduced corporation tax and increased spending on mental health by around £300m/year.
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On 25 Mar 2014:
Lucy Powell voted against increasing the rate of the bank levy tax and against changes aimed at improving the operational efficiency of the levy.
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On 21 Feb 2018:
Lucy Powell was absent for a vote on Finance (No. 2) Bill — Third Reading
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On 19 Nov 2013:
Lucy Powell voted to increase the amount of free child care offered to parents of 3 and 4 year olds from 15 to 25 hours
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