Diverted profits tax

Finance (No. 3) Bill – in a Public Bill Committee at 2:15 pm on 29th November 2018.

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Amendment proposed: 46, in schedule 6, page 220, line 2, leave out paragraph 11.—(Anneliese Dodds.)

This amendment removes the proposed extension of the review period to 15 months.

Question put, That the amendment be made.

The Committee divided:

Ayes 8, Noes 9.

Division number 13 Decision Time — Diverted profits tax

Aye: 8 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

Amendment proposed: 40, in schedule 6, page 220, line 26, at end insert—

“13 The Chancellor of the Exchequer must review the expected revenue effects of the changes made to diverted profits tax in this Schedule and lay a report of that review before the House of Commons within six months of the passing of this Act.”—

This amendment would require the Chancellor of the Exchequer to review the effect on public finances on the provisions in Schedule 6.

Question put, That the amendment be made.

The Committee divided:

Ayes 8, Noes 9.

Division number 14 Decision Time — Diverted profits tax

Aye: 8 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

Amendment proposed: 43, in schedule 6, page 220, line 26, at end insert—

“13 (1) The Chancellor of the Exchequer must commission a review on the matter specified in subsection (2).

(2) That matter is the effects on the public finances of the the provisions in this Schedule coming into effect in the tax year 2019-20 compared to previous or subsequent tax years.

(3) The Chancellor of the Exchequer must lay a report of the review under subsection (1) before the House of Commons within six months of the passing of this Act.”—

This amendment would require the Chancellor of the Exchequer to review the impact of introducing this measure in 2019-20.

Question put, That the amendment be made.

The Committee divided:

Ayes 8, Noes 9.

Division number 15 Decision Time — Diverted profits tax

Aye: 8 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

Question accordingly negatived.

Schedule 6 agreed to.

Clause 21