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  Finance Bill - Clause 1 - Report on Impact of Additional Rate of Income Tax for Income Over Â£150,000
  
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  @ MP voted aye to require a report on the impact of changing the additional rate of income tax, which applies to income over Â£150,000. 
  @ MP voted no against requiring a report on impact of changing the additional rate of income tax, which applies to income over Â£150,000.
  
  The majority of MPs voted against requiring a report on the impact of changing the additional rate of income tax, which applies to income over Â£150,000. 
  
  At the time of the vote, during the 2013-14 tax year the additional rate was 45% charged on income over Â£150,000 per year; prior to that, since its introduction in 2010-11 the rate had been 50%[1][2]. The report the majority of MPs voted against would have reviewed the impact both of the rate cut for 2013-14 and of increasing the rate to back 50% for 2014/15. 
  
  The text of the rejected proposed amendment to the Finance Bill stated: 
  
  :(1) The Chancellor of the Exchequer shall, within three months of the passing of this Act, publish a report on the additional rate of income tax.
  
  :(2) This report shall review the impact upon Exchequer receipts of setting the additional rate to 50 per cent. in tax year 2014-15.
  
  :(3) The report shall review what impact reducing the additional rate for 2013-14 will have on the amount of income tax currently paid by those with taxable incomes of
  :       (a) over Â£150,000 per year; and
  :       (b) over Â£1,000,000 per year.â.
  
  Had it been accepted the above would have been added to clause one of Bill[3][4]. 
  
  * [1] [http://www.hmrc.gov.uk/rates/it.htm#1a Income Tax Rates and Allowances - HMRC]
  * [2] [http://www.hmrc.gov.uk/statistics/tax-structure/table-a2.pdf RATES OF INCOME TAX: 1990-91 TO 2013-14 - HMRC]
  * [3] [http://services.parliament.uk/bills/2013-14/finance.html Parliament's webpage on the Finance Bill (now the Finance Act 2013)]
  * [4] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0154/cbill_2012-20130154_en_1.htm Finance Bill as introduced 28 March 2013]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  