Proceeding contribution from Stephen Hesford (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
In simple terms, as I understand the matter, before the change took place in 2004 the rate was 20 per cent. That rate was introduced as a temporary two-year measure to increase VCTs, which it has done. I understand that the hon. Gentleman is making that point. The Government are now regularising the situation consonant with that prior to 2004, to a higher rate—30 per cent. What is wrong with that?
Secondary information
- Type
- Proceeding contribution
- Reference
- 445 c1013
- 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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- 2024-04-21 23:02:42 +0100
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