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The final Finance Bill debates in the Commons are reported by ALLISON PLAGER
KEY POINTS
- Reduction of the 50p rate to 45p.
- Child benefit changes for higher rate taxpayers.
- Hot takeaway food and VAT.
- Bank payroll tax – again.
Before the Finance Bill receives royal assent it is considered in the House of Commons and the House of Lords.
This year two days were allocated to the Commons to look at the bill as amended by the public bill committee.
Cathy Jamieson (Lab/Co-op) expressed concern ‘at the lack of time available to discuss what is a very big Finance Bill’ when the motion for the Finance Bill programme was made saying that there were ‘a number of serious issues’ that members wanted to discuss.
In response David Gauke exchequer secretary to the Treasury refuted the notion that there had been insufficient time...
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