Proceeding contribution from Rob Marris (Labour) in the House of Commons on Wednesday, 3 May 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No 2) Bill.
Finance (No. 2) Bill
I understood the hon. Gentleman to be saying that his preference would be to leave things the way that they are, which I assume to mean that he supports amendments Nos. 6 to 8. I understand that he has had difficulty getting the figures. However, in his methodology for approaching the question of encouraging investment, especially in some of the riskier areas, he is looking at only half the equation, as I suggested earlier. If he was to leave things as they are, the enterprise investment scheme tax relief would be capped at £200,000, not £400,000, and, furthermore, the tax relief would revert from the current rate of 40 per cent. to 20 per cent. If we could get the figures for the whole equation—the changes to both tax relief and the capital limits—he might find that he supported the Government.
Secondary information
- Type
- Proceeding contribution
- Reference
- 445 c1003
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Companies Assets Climate change Cars Concessions Finance Investment Income tax Excise duties Inheritance tax Property Transport Small businesses Shares Tax allowances Taxation Research Rural areas Real estate investment trusts Enterprise investment scheme Venture capital trusts
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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