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Proceeding contribution from Mark Lazarowicz (Labour) in the House of Commons on Tuesday, 21 June 2011. It occurred during Debate on bill on Scotland Bill.


Scotland Bill

I want to be clear about what the hon. Gentleman is saying. He said that if there were to be a devolution of corporation tax and the ability to vary it, an appropriate change would be made to the level of the block grant. Does he mean that if corporation tax were reduced in Scotland by £1 billion, an equivalent £1 billion reduction would take place in the block grant? Is he talking about a like-for-like reduction?


Secondary information

Type
Proceeding contribution
Reference
530 c238 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Devolved matters Alcoholic drinks Corporation tax Devolution Borrowing Income tax Excise duties Landfill tax Powers Public expenditure Scotland Taxation Taxpayers Stamp duty land tax Scottish Government
Legislation
Scotland Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk