New Clause 3: Health and Social Care Levy Bill
New Clause 3 - Review of revenue effects of Act
“(1) The Chancellor of the Exchequer must review the revenue effects of this Act and lay a report before the House of Commons within six months of the passing of this Act and every 12 months thereafter.
(2) Any review under this section must include an assessment of—
(a) the impact of this Act on revenue derived from—
(i) employment, and
(ii) self-employment; and
(b) the impact of the revenues under this Act from employment and self-employment on the revenues derived from taxation on—
(i) dividends,
(ii) rental income, and
(iii) other forms of personal income.”—(James Murray.)