Committee stage of the Finance (No.4) Bill

20 April 2012

The House of Commons held the second day of consideration of the Finance (No.4) Bill in Committee of the whole House on Thursday 19 April and will now be considered in a Public Bill Committee. The first day was held on Wednesday 18 April.

Finance (No.4) Bill

The Finance (No.4) Bill is the fourth finance bill introduced during the 2010-12 session of Parliament. The Bill will enact many of the measures announced in the Budget which was presented by the Chancellor of the Exchequer, George Osborne, on 21 March 2012.

The formal description of the Finance Bill is 'a Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance'.

Progress of the Bill

The Finance (No.4) Bill was introduced into the House of Commons on 26 March 2012 and received second reading on 16 April 2012.

Keep up to date with all the proceedings and documentation on the Finance (No.4) Bill and find out how a Bill becomes an Act of Parliament

Committee of the whole House proceedings, day one

MPs considered in the following order; Clause 1 and amendments 1 and 76, Clause 209 and amendment 5, Schedule 33, New Clauses 1, 3, 5, 6, 7, Clause 189, Schedule 23 and amendment 61.

Clause 1, which relates to Income Tax charge for 2012-12 and rates for 2012-13 and subsequent years (45p rate), was agreed to. Amendment 1 was defeated on a division (Ayes 256; Noes 323). Amendment 76 was defeated on a division (Ayes 254; Noes 321).

Clause 209, which relates to the bank levy, was agreed to. Amendment 5 was defeated on a division (Ayes 251; Noes 322).

Schedule 33, which relates to the bank levy, was agreed to.

New Clause 1, which relates to VAT (hot food and caravans), was read a first time and withdrawn.

New Clause 3, which relates to VAT impact of changes, was defeated on a division (Ayes 246; Noes 312).

New Clause 5, which relates to VAT on baked products, was defeated on a division (Ayes 260; Noes 295).

New Clause 6, which relates to VAT on caravans, was defeated on a division (Ayes 262; Noes 287).

New Clause 7, which relates to VAT on protected buildings, was defeated on a division (Ayes 258; Noes 293).

Clause 189, which relates to air passenger duty, was agreed to.

Schedule 23, which relates to air passenger duty, was agreed to. Amendment 61 was defeated on a division (Ayes 9; Noes 312).

Watch and read the proceedings and the views expressed by MPs on Parliament TV and in Commons Hansard.

Committee of the whole House proceedings, day two

MPs considered in the following order; Clause 4 and amendment 65, Clause 8 and Schedule 1 and amendments 9, 75 and 28.

Clause 4, which relates to Personal allowances from 2013, was agreed to after a division (Ayes 299; Noes 230). Amendment 65 was defeated on a division (Ayes 231; Noes 298).

Clause 8 and Schedule 1, which relate to High income child benefit charge, was agreed to after a division (Ayes 283; Noes 231). Amendment 9 was withdrawn. Amendment 75 was defeated on a division (Ayes 234; Noes 289. Amendment 28 was defeated on a division (Ayes 240; Noes 283).

Watch and read the proceedings and the views expressed by MPs on Parliament TV and in Commons Hansard.

Committee of the Whole House

The term Committee of the whole House means that a Bill can be discussed in detail by all Members. In the Commons this usually takes place in a Public Bill Committee, outside the Chamber, but occasionally a Bill will be considered in a Committee of the whole House in the main Chamber. The Bill may also subsequently be considered in a Public Bill Committee.

Any Bill can be referred to a Committee of the whole House but the procedure is normally reserved for finance Bills and other important, controversial legislation.

Image: iStockphoto  

More news on: Economy and finance, Parliament, government and politics, Parliament, Taxation, Budget, Commons news, Bill news, Economic policy, Economic situation, Incomes and poverty, Public expenditure

Share this page