Finance Bill Debates

Alan Dolton

Alan Dolton editor of Tolley's Tax Cases summarises the Committee of the Whole House debate on the Finance Bill

The Committee of the Whole House began considering its allotted clauses of the Finance Bill on Monday 28 April. Conservative spokesman Mark Hoban (Fareham) began the proceedings by proposing an amendment to Clause 5 to reduce the small companies' rate of corporation tax to 20%. He commented:

'As in the case of the 10p rate which we will debate later the author of the tax increase is not the current Chancellor of the Exchequer but his predecessor — the Prime Minister. As Chancellor during last year's Budget he announced that he would increase the small companies rate from 19 per cent to 22 per cent in three...

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Alan Dolton editor of Tolley's Tax Cases summarises the Committee of the Whole House debate on the Finance Bill

'As in the case of the 10p rate which we will debate later the author of the tax increase is not the current Chancellor of the Exchequer but his predecessor — the Prime Minister. As Chancellor during last year's Budget he announced that he would increase the small companies rate from 19 per cent to 22 per cent in three...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: