New Clause 1 - Lower rate of tax

Finance Bill – in a Public Bill Committee at 4:45 pm on 17 June 2014.

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‘(1) The Chancellor of the Exchequer shall, within six months of Royal Assent, lay before Parliament a report containing proposals for an income tax rate of 10 per cent on a band of income above the personal allowance.

(2) The report mentioned in subsection (1) above shall provide for the full benefit of the 10 per cent. rate not being available to taxpayers paying the higher or additional rates of tax.”—(Shabana Mahmood.)

Brought up, and read the First time.

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

The Committee divided: Ayes 13, Noes 18.

Division number 14 Decision Time — New Clause 1 - Lower rate of tax

Aye: 13 MPs

No: 18 MPs

Aye: A-Z by last name

No: A-Z by last name

Question accordingly negatived.