text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 1 - Report on impact of raising tax rate applied to income over Â£150,000 from 45% to 50%.
  
  --- MOTION EFFECT ---
  
  
  
  @ MP voted aye for a report on the impact of raising the rate of tax applied to income over Â£150,000 from 45% to 50%. 
  @ MP voted against a report on the impact of raising the rate of tax applied to income over Â£150,000 from 45% to 50%. 
  
  
  The majority of MPs voted against requiring a report on increasing the additional rate of income tax to 50%. At the time of the vote the additional rate was 45% and applied to income over Â£150,000[1]
  
  
  MPs were considering the Finance Bill.[2] The amendment rejected in this vote was:
  
  :Amendment 4, page 2, line 11, at end insertâ
  
  :â( ) The Chancellor of the Exchequer shall, within three months of the passing of this Act, publish a report on the impact of setting the additional rate of income tax at 50 per cent.
  
  :( ) The report must estimate the impact of setting the additional rate for 2014-15 at 45 per cent and at 50 per cent on the amount of income tax currently paid by someone with a taxable income ofâ
  :(a) Â£150,000 per year; and
  :(b) Â£1,000,000 per year.
  
  This would have added the above new subclauses to clause 1 of the Bill[3].
  
  ==
  * [1] [http://www.hmrc.gov.uk/rates/it.htm Income Tax Rates - HM Revenue and Customs]
  * [2] [http://services.parliament.uk/bills/2013-14/financeno2.html Parliament's webpage on the Finance Bill 2014]
  * [3] [http://www.publications.parliament.uk/pa/bills/cbill/2013-2014/0190/cbill_2013-20140190_en_2.htm#pt1-ch1-pb1-l1g1 Clause 1 of the Finance Bill 2014 as at the time of the vote]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  