Finance Bill Debates

Alan Dolton

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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Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases continues his coverage of the Finance Bill Debates

'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...

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: