HC Deb 19 March 1984 vol 56 c855

Motion made, and Question, That, notwithstanding anything to the contrary in the practice of the House relating to matters which may be included in Finance Bills, any Finance Bill of the present Session may contain the following provisions taking effect in a future year—

  1. (a) provisions charging corporation tax for the financial years 1984, 1985 and 1986 at the rate of 45 per cent., 40 per cent. and 35 per cent. respectively and provisions having effect for all or any of those years with respect to—
    1. (i) the small companies rate; and
    2. (ii) the fractions referred to in sections 93(2) and 95(2) of the Finance Act 1972; and
    3. (iii) the special rate for the purposes of section 96 of that Act;
  2. (b) provison that section 310(1), (2) and (4) of the Income and Corporation Taxes Act 1970 shall not have effect with respect to the financial year 1986 or any subsequent financial year;
  3. (c) provisions with respect to initial allowances under section 1 of the Capital Allowances Act 1968 and Schedule 12 to the Finance Act 1982;
  4. (d) provisions with respect to first-year allowances under section 41 of the Finance Act 1971;
  5. (e) provisions abolishing the relief from income tax provided by section 23(3) of the Finance Act 1974, paragraphs 2 and 3 of Schedule 7 to the Finance Act 1977 and section 27 of the Finance Act 1978, and reducing and abolishing the relief provided by paragraph 3 of Schedule 2 to the Finance Act 1974;
  6. (f) provisions requiring certain banks and other deposit-takers making certain payments of interest to account for and pay amounts representing income tax on the grossed up amounts of those payments;
  7. (g) provisions abolishing the surcharge payable under the National Insurance Surcharge Act 1976 with respect to secondary Class I contributions payable by any of the bodies mentioned in section 143(4) of the Finance Act 1982.—[Mr. Lawson.]

put forthwith pursuant to Standing Order No. 114 (Ways and Means motions), and agreed to.