Annual review of effects of this schedule

Finance (No. 3) Bill – in a Public Bill Committee at 12:30 pm on 29th November 2018.

Alert me about debates like this

34A (1) The Chancellor of the Exchequer must undertake an annual review of the effects of the provisions of this Schedule on corporation tax receipts.

(2) The report of the review under sub-paragraph (1) must be laid before the House of Commons before—

(a) in respect of the first review, within 12 months of this Schedule coming into force, and

(b) in respect of each subsequent review, within 12 months of the date on which the report of the previous review was laid before the House of Commons.”—

This amendment requires an annual review of the revenue effects of this Schedule, in each year following the Schedule coming into force.

Question put, That the amendment be made.

The Committee divided:

Ayes 8, Noes 9.

Division number 12 Decision Time — Annual review of effects of this schedule

Aye: 8 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

Schedule 5 agreed to.

Clause 18