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Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Monday, 30 April 2007. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.

Finance Bill

The hon. Gentleman is right to say that the additional tax take may erode small companies’ ability to invest. He is also right to suggest that many of them will not be eligible for some of the existing reliefs. The changes this year and in the following two years will take £1.2 billion in additional revenue, and perhaps £100 million out of Scottish business. What impact does he think that will have on the 98 per cent. of Scottish businesses that employ fewer than 50 people, but which generate 41 per cent. of all revenue in Scotland? What impact does he think £100 million of their profits will have on their ability to invest in the future?

Secondary information

Type
Proceeding contribution
Reference
459 c1247 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Accountancy Debts Corporation tax Capital allowances Casinos Gambling Investment Excise duties Employment agencies Gaming Internet Partnerships Welfare tax credits Small businesses Tax allowances Taxation Research Tax rates and bands Self-employed Managed service companies Off-payroll working
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk