...automatic, but was granted only against vouchers. I hope that the Chancellor of the Exchequer will consider the possibility of a serious inquiry into its operation. The second point is the medicine stamp duty which has fallen by nearly 50 per cent. in the past five years. It amounted to £1,250,000 in 1929, and it is now about £750,000, and is, I believe, still falling, not,...
Mr William Clark: ...his house only if his employment changes or if, because of certain circumstances, he has to move. Surely, if he does move, the expense of buying a new house, together with the legal expenses and stamp duties involved in selling his own, more than equal the profit which he may have had. I hope, therefore, that we shall not hear very much of the argument that, because mortgage interest rates...
Major Sir Robert Conant: ...considerable saving at the centre and a considerable reduction in the enormous staff which is maintained by the Defence Services, and particularly the War Office. I should like to refer to the Oils Duty because it affects my own constituency perhaps more than most other coal-producing districts. My constituency produces coal almost entirely for the home market, and principally for domestic...
Mr Ronw Hughes: ...done by a direction that the Stationery Office shall not print for distribution and publication a Statutory Rule and Order until they have received from the appropriate office in this House a stamp to indicate that that Order or Regulation has been laid. If, therefore, a general order were to go forth to the Government Departments that they cannot ask for the distribution of Orders and...
Captain Euan Wallace: ...Rates Tribunal as laid down in the 1921 Act. In that Act, Parliament agreed that the four main-line railway companies were entitled to an aggregate net revenue of about £51,000,000 a year, and the duty of the Railway Rates Tribunal, as far as the general level of charges was concerned—this is the only one of its functions which has now been abrogated—was to see that they produced...
David Cameron: ...for people to get their foot on the housing ladder, but who does he think is responsible for that? It was his Government who doubled the council tax, restricted the right to buy and increased stamp duty, including for first-time buyers. Will he confirm that as a result, home ownership in Britain is actually falling for the first time since figures were published? Is that not Labour's...
David Gauke: ...policy in the area; and a clear warning has been given that retrospective action would be taken if abuse of specific legislation continued, such as the Chancellor gave at Budget 2012 in respect of stamp duty land tax. The criteria will give taxpayers and their advisers some sense of when we believe retrospection is appropriate. We will keep the criteria under review, as it is right that we...
Mr Michael Foot: ...be extremely grateful to us for enabling his hon. Friends to pay tributes to him in the terms in which they have been paid. Had it not been for our demand that the Attorney-General should have the duty of ordering a prosecution; had it not been for our demand that the Bill should be limited in its terms; had it not been for our demand that the retailer should, at any rate, have some...
Diane Abbott: ...four years and the council tax will further depress house prices in London. There are more people in London living in houses worth less than their mortgage than anywhere else in the country. The stamp duty changes will do little to help home owners in London and the south-east. One cannot get much in inner London for £60,000, which is the top limit for those who will be helped by the...
Lord Stevenson of Balmacara: ...economy. We were the party that brought in the strong competition environment in the early 2000s which was the basis of much of the growth in the economy that we enjoy today. The Government have a duty to act in the stewardship role referred to by my noble friend Lord Haskel, and where there are asymmetries of information, monopolies, oligopolies or public interest concern—whether that...
Sir John Hall: ...proposal before he comes to present his Finance Bill. I accept, though no one could be expected to welcome, the various tax increases. There is one unfortunate effect of the increase in excise duty on beer, wine, spirits and tobacco about which little has been said. Napoleon once remarked when increasing the tax on brandy that he got much more out of the vices of his subjects than he ever...
Edward Davey: Such a foreign national would make a lot of contributions to the national Exchequer, which funds the grants—[Interruption.] I presume that they would pay stamp duty if they bought a property, and other taxes, so that argument does not work. I was speaking about the capping threat that the Minister repeated tonight. I wonder whether he will tell the House to which councils he has written....
Eileen Bell: ...scourges of our society and it is right and proper that the Assembly should declare its total revulsion towards them. The Assembly must call upon the Government to take more resolute action to stamp them out completely. We do, however, have reservations about two aspects of the motion. First, I am appalled at the DUP’s use of the term "punishment beatings". The use of the term...
Andrew MacKay: ...should be allowed to police nationalist areas. That would mean replacing the rule of law with knee-cappings and beatings with baseball bats, as we have seen in recent months. In carrying out its duties, the RUC has never been above or outside the law, but always subject to it. It is important that there should be change, and every hon. Member who has contributed to the debate has...
Mr Harold Hales: ...be worse confounded by the advice tendered. But, to my great relief, I find that the Chancellor of the Exchequer has steered the ship of State safely. He has successfully avoided the Scylla of Stamp and the Charybdis of Keynes. It is not a Budget that has indulged in heroics. It is a commonsense and careful Budget and, if we can carry on without any adverse circumstances coming along, I,...
Lord Selkirk of Douglas: ...to set a Scottish rate of income tax from April 2016, as well as the powers to introduce taxes on land transactions and on waste disposal from landfill, replacing the existing UK-wide taxes of stamp duty, land tax and landfill tax from April 2015. With that background in mind, I rise to highlight one particular issue—the supreme importance of the guaranteed timetable set out for...
Sir John Hobson: .... This is really the brokers' and jobbers' endowment Clause. If an investment trust company were to buy exactly the same shares on the market at the market price, it would, of course, pay the Stamp Duty, as it does now in any event, but it would have to pay the broker's and jobber's fee, but tax would then not be attracted if the shares it acquired appreciated and it subsequently disposed...
Mr Ernest Davies: ...fee to £3, he would arrange for payments to be made half-yearly. He replied: No, Sir. The cost would be too great. We are, however, examining the possibility of introducing a special savings stamp card. I pressed the Assistant Postmaster-General further on this matter, and he then made what I consider to be a shocking statement. At least, it would appear to shock us if it had not come...
Mr Frederick Pethick-Lawrence: ...the Finance Bill. The valuation of land for the purpose of land value tax will have to be undertaken during the next two years, and because the existing staff is closely proportioned to its present duties there is no marginal staff available for the new work connected with land valuation. The additional staff will be mainly concerned with the technical and clerical work connected with the...
Angela Eagle: ...week a little too literally. The Financial Secretary to the Treasury was so amazed that he needed to be here on a Thursday that he very nearly missed his own debate on the Government’s flagship stamp duty policy. However, a generous offer from the Work and Pensions Secretary to lead the debate in his absence was enough to send him sprinting down Whitehall from the Treasury. While...