.png)
.png)
ALLISON PLAGER reports on the early debates of the Finance (No 3) Bill
KEY POINTS
- Bank levy expected to raise £2.5 billion.
- When will the 50% rate be abolished?
- Basic rate limit looked at in conjunction with clause 3.
- Corporate tax measures signal UK is open for business.
Before the Finance Bill is discussed by the Public Bill Committee elements of it are debated in the Committee of the Whole House of Commons. This took place over two days. The first clause of the Bill to be debated was clause 72 ‘the bank levy’ and disappointingly it failed to get off to an auspicious start.
It comes to something that when after (skim) reading five hours (yes really five hours) of largely pointless scrutiny of the bank levy (clause 72) there really is nothing...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
