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Finance Bill

With this it will be convenient to discuss the following amendments: No. 7, in page 2, line 37, at end insert— ‘(1A) Subsection (1)(a) shall come into force on a day which the Treasury may by order appoint. (1B) No order may be made under subsection (1A) until— (a) the Treasury has compiled and laid before the House of Commons a report containing an assessment of the impact on the competitiveness of small companies as a result of changes to the small companies rate of corporation tax, and (b) the report has been approved by a resolution of the House of Commons.’. No. 2, in page 3, line 1, leave out ‘7/400ths’ and insert ‘1/40th’.