Market leading insight for tax experts
View online issue

Finance Bill Debates

 
Alan Dolton Editor of Tolley's Tax Cases summarises the first day of the Committee of the Whole House debate on the Finance Bill
 
The House of Commons Committee of the Whole House began considering the selected clauses of the Finance Bill on Monday 30 April. The first Clause for discussion was Clause 3 (small companies' rates and fractions). Conservative spokesman Mark Hoban (Fareham) commented:
 
'After 11 Budgets and multiple rate changes the Chancellor has almost come full circle on the taxation of small companies. When the Government came into office the small companies tax rate was 23p in the pound. They reduced it to 21p in 1997 and to 20 per cent in 1998. In 1999 a new 10 per cent rate was introduced which...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
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 article in full.
EDITOR'S PICKstar
Top