New Clause 2: Finance (No. 2) Bill
New Clause 2 - Review of impact of section 12
“(1) The Chancellor must, within three months of this Act being passed, conduct a review of the impact of section 12 of this Act.
(2) The review must consider how the rate of corporation tax provided for by section 12 affects—
(a) investment decisions taken by businesses,
(b) the certainty of businesses about future fiscal and market conditions.
(3) For comparative purposes, the review must include an assessment of how the factors in subsection (2)(a) and (b) would be affected by maintaining corporation tax at a rate no higher than that set out in section 12 until the end of the next parliament.”—(James Murray.)