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Proceeding contribution from David Chaytor (Labour) in the House of Commons on Wednesday, 2 July 2008. It occurred during Debate on bill on Finance Bill.


Finance Bill

I am looking at what the Government propose and reading from the chart in the Red Book. It is absolutely clear that new band J vehicles, with CO2 emissions ratings of 181 to 200 g per km, will pay £260 in 2009-10, which is a sizeable increase, but only a further £10 in 2010-11. I urge all Members who are concerned about the issue to look at the facts and at the increases. It is true that from next year, 7.7 million will pay a higher rate, according to the Library analysis, but of those 7.7 million, the overwhelming majority will pay only a tiny—a marginal—higher rate. I return to the point that the real concern is the one-year increase next year, which is not carried through to 2010-11 to the same degree, in respect of new bands J and K. Finally, the irony is that in respect of next year's rate, new bands L and M will show an increase of only £15 and £40, or 4 per cent. and 10 per cent., respectively. The paradox is that under the Government's proposals, the two highest-rated bands will pay less than the two bands lower down the scale, so there is an opportunity to make the system more progressive, fairer and more efficient. I hope that the Government will take those specific points on board.


Secondary information

Type
Proceeding contribution
Reference
478 c939 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Accountancy Capital gains tax Business Corporation tax Competition Budgets Income tax Insurance companies Excise duties Fuels Double taxation Domicil Economic situation Motor vehicles Parliamentary scrutiny Public participation Prices Small businesses Tax allowances Taxation VAT Shareholders Revenue and Customs Carbon emissions
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk