Parliamentary Search

Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Wednesday, 7 April 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.

Finance Bill

No; national insurance cannot be dealt with in a Finance Bill alongside other tax measures. It will require a separate piece of legislation, which we will be introducing later in the year. Clause 9 confirms the planned increase in alcohol duty of 2 per cent. above inflation. Clause 69 allows us to amend the duty definition of "cider" so that particularly high-strength ciders are taxed at a more appropriate rate. Clause 10 increases tobacco duty by 1 per cent. above inflation. Increases of 2 per cent. above inflation will be made in each of the next two years. Clause 8 freezes the inheritance tax threshold until 2015.

Secondary information

Type
Proceeding contribution
Reference
508 c1060 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Corporation tax Capital investment Cider Income tax Excise duties Fuels Double taxation Economic situation Pensions National insurance contributions Taxation Tobacco Stamp duties Smuggling First time buyers Stamp duty land tax
Legislation
Finance Bill 2009-10
Link
View this Proceeding contribution on www.publications.parliament.uk