text_body: --- DIVISION TITLE ---
  
  Finance Bill 2015-16 â Second Reading
  
  --- MOTION EFFECT ---
  
  @ MP voted aye for the measures in the Finance Bill including an increase in the income tax personal allowance, and to cap the rates of VAT and income tax at their existing rates for until the next general election.
  
  @ MP voted no against the measures in the Finance Bill including against an increase in the income tax personal allowance, and against capping the rates of VAT and income tax at their existing rates for until the next general election.
  
  The majority of MPs voted for the measures in the Finance Bill including an increase in the income tax personal allowance, and to cap the rates of VAT and income tax at their existing rates for until the next general election.
  
  MPs were considering the Finance Bill[1][2], the motion supported by the majority of MPs in this vote was:
  :That the Bill be now read a Second time.
  
  The Finance Bill[1][2]:
  
  * sets out that that the basic, higher and additional rates of income tax will not  increase above 20%, 40% and 45% for the duration of the current Parliament.
  * sets out that VAT rates will not rise for the duration of the current Parliament.
  * sets the amount of the income tax personal allowance for 2016-17 at Â£11,000 and 2017-18 at Â£11,200
  *  sets the amount of the income tax basic rate limit for 2016-17 at Â£32,000 and 2017- 18 at Â£32,400
  * sets the main rate of corporation tax (CT) at 19% for the financial years beginning  1 April 2017, 1 April 2018 and 1 April 2019 and at 18% for the financial year beginning 1 April 2020
  * sets the Annual Investment Allowance (AIA) (investment in assets which can be set against profits before corporation tax is charged) to Â£200,000 (it was previously Â£500,000 but would otherwise have dropped to Â£25,000)
  * raised the effective inheritance tax threshold to Â£1 million 
  * decreases the rates at  which the bank levy is charged from 1 January  2016 onwards. 
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2015-16/finance.html Parliament's webpage on the Finance Bill 2015-16]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0057/en/16057en.pdf Explanatory notes to the Finance Bill 2015-16]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  