Review of effects on public finances

Finance (No. 3) Bill – in a Public Bill Committee at 12:00 pm on 29th November 2018.

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17A The Chancellor of the Exchequer must review the expected revenue effects of the changes made to capital gains tax returns and payments on account in this in this Schedule, along with an estimate of the difference between the amount of tax required to be paid to the Commissioners under those provisions and the amount paid, and lay a report of that review before the House of Commons within six months of the passing of this Act.”—(Mhairi Black.)

This amendment would require the Chancellor of the Exchequer to review the effect on public finances, and on reducing the tax gap, of the changes made to capital gains tax in Schedule 2.

Question put, That the amendment be made.

The Committee divided:

Ayes 7, Noes 9.

Division number 11 Decision Time — Review of effects on public finances

Aye: 7 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

Schedule 2 agreed to.

Clause 17