Parliamentary Search

Proceeding contribution from Rob Marris (Labour) in the House of Commons on Tuesday, 7 July 2009. It occurred during Debate on bill on Finance Bill.

Finance Bill

Does the hon. Gentleman share the puzzlement of many of us, whereby one reason given for the abolition of the 10p rate was simplification of the tax system—the move to the two rates? He just quoted the then Chancellor on that point, but in that very Budget a 10 per cent. rate was retained for certain low savings income, and in this year's Finance Bill there is incredible complexity in terms of higher rate taxpayers. So, we now have—off the top of my head—about six rates of income tax, not the supposedly simple two rates.

Secondary information

Type
Proceeding contribution
Reference
495 c870 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Companies Corporation tax Beer Competition Income tax Excise duties Low incomes Public houses Tax allowances Tax avoidance Taxation Tourism Rented housing Tax rates and bands Revenue and Customs Trade competitiveness Office of Tax Simplification
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk