New Clause 6 - Review of effects of £40,000 expensive car supplement threshold

Finance Bill – in a Public Bill Committee at 3:00 pm on 30 January 2025.

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“(1) The Chancellor of the Exchequer must, within six months of this Act being passed, publish an assessment of the impact of the £40,000 expensive car supplement threshold included in section 66.

(2) The assessment in subsection (1) must consider the effects of the threshold on the proportion of new cars sold which are Electric Vehicles.”—

This new clause requires the Chancellor to review the impact of the £40,000 expensive car supplement threshold.

Brought up, and read the First time.

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

Division number 7 Finance Bill — New Clause 6 - Review of effects of £40,000 expensive car supplement threshold

Aye: 4 MPs

No: 9 MPs

Aye: A-Z by last name

No: A-Z by last name

The Committee divided: Ayes 4, Noes 9.

Question accordingly negatived.