Proceeding contribution from Mark Hoban (Conservative) 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
My hon. Friend makes an important point. The Chancellor is loading incentives towards a specific sort of business. If businesses invest in research and development and physical assets, the Government will give them some tax relief and allowances, but if they do not, they will not be able to claim the reliefs. A small company will have to pay more tax anyway. The Chancellor penalises small companies and spreads the benefit among all business.
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c1249
- 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
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- 2023-12-15 11:10:49 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_393398
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