HC Deb 11 July 1978 vol 953 c1296

'Section 69(4) of the Finance (No. 2) Act 1975 (which requires deductions to be made from payments to certain sub-contractors in the construction industry) shall have effect in relation to payments made on or after 6th November 1978 with the substitution for the words "34 per cent." of the words "33 per cent.".'—[Mr. Robert Sheldon.]

Brought up, and read the First time.

5.30 p.m.

Mr. Robert Sheldon

I beg to move, That the clause be read a Second time.

This new clause reduces the deduction to be made from sub-contractors without certificates from 34 per cent. to 33 per cent. This follows from the Committee stage amendment which reduced the basic rate from 34 per cent. to 33 per cent. The new clause is consequential on it.

Question put and agreed to.

Clause read a Second time, and added to the Bill.