Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Wednesday, 13 May 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.
Finance Bill
I do not know the precise figures in that case. The hon. Gentleman mentioned the figure that we set out in the Budget documentation on Budget yield over the next few years arising from this measure. We estimate that in the first year there will be an additional tax yield of £40 million, and a rather larger sum in the years after that. Cumulatively, we are therefore talking about significant sums, and this is an important contribution that is needed for the fiscal consolidation that we require. As I have said, we need to make some amendments, including in the light of perfectly fair points made in this debate.
Secondary information
- Type
- Proceeding contribution
- Reference
- 492 c886
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Accountability Audit Accountancy Companies Bingo Excise duties Exhaust emissions Large goods vehicles Fuels Gaming Double taxation Motor vehicles Oil Prices Taxation VAT Rural areas
- Legislation
- Finance Bill 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 11:34:53 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_557659
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