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Proceeding contribution from David Gauke (Conservative) in the House of Commons on Thursday, 15 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.


Finance Bill

As I said earlier, the cost of my hon. Friend's amendment to exempt motor insurance from the IPT rise would reduce revenue by £160 million a year, and exempting medical insurance would decrease revenue by a further £40 million a year. I hope that that is helpful. The increase is necessary. It is an attempt to bring our deficit under control. We need to make some tough decisions, and that is one.


Secondary information

Type
Proceeding contribution
Reference
513 c1134 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Travel Corporation tax Annuities Allowances Driving Income tax Exemptions Insurance Health insurance Inheritance tax Income Insurance premium tax Pensions Members Older people Working hours Tax allowances Tax avoidance Tax yields Independent Parliamentary Standards Authority Motor insurance
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk