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Finance Bill Debates

 
Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases continues his coverage of the Finance Bill Debates
 
The House of Commons continued its consideration of the Finance Bill on Wednesday 7 July. Conservative MP Andrew Tyrie (Chichester) proposed an amendment to Clause 5 (rates of oil duties). This gave rise to a lively albeit somewhat predictable debate. Dr Vincent Cable (Liberal Democrat Twickenham) expressed the view that:
 
'Putting aside the question of an oil price spike and how the Government might respond to it I think it eminently sensible for the Government to introduce the basic principle of a duty price increase. In normal circumstances that would have been unexceptionable and I doubt that we would have been dealing with amendments like this...
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