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Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

I am going to make progress for a few moments, or the former Chief Secretary will never get a chance to have his say. Clause 4 takes further action to tackle the deficit by increasing the standard rate of insurance premium tax from 5% to 6%. The higher rate of insurance premium tax will increase from 17.5% to 20% from 4 January 2011, to bring it into line with the new VAT rate. The increases are both fair and sustainable.

Secondary information

Type
Proceeding contribution
Reference
513 c202-3 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Children Corporation tax Exports Excise duties Fuels Private sector Insurance premium tax Economic growth Forecasts Low incomes Pensions Public expenditure Unemployment Rural areas Public sector debt Tax avoidance VAT Resignations Tax evasion Tax burden Building schools for the future programme Office for Budget Responsibility Budd, Alan
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk