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Proceeding contribution from Stewart Hosie (Scottish National Party) 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 agree that it is not insuperable. Once the baseline is identified, the real key is the ability to reset it at regular intervals. One of our suggestions was that at the Budget and the pre-Budget report the ticker could be reset, so that if we found that there was a structural increase, the baseline would be reset, whereas if we found just a cyclical change or a spike, it might not need to be reset. The timing is as important as the baseline figure.


Secondary information

Type
Proceeding contribution
Reference
492 c912 
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