text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 112 - Require Report Before Reforms to Bank Levy
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require a report on the impact bank levy rates before reforming them. 
  @ MP voted no against requiring a report on the impact bank levy rates before reforming them.
  
  The majority of MPs voted against requiring a report on the impact bank levy rates before reforming them. 
  
  MPs were considering the Finance Bill[1]. The amendment rejected in this vote was:
  
  :Amendment proposed: 1, in clause 112, page 94, line 1, at beginning insertâ
  :â(1) Before bringing forward any further reform of the bank levy rates system, the Chancellor shall lay before Parliament a report considering the impact on the total receipts paid to the Exchequer since 2010 byâ
  
  :(a) UK banking groups;
  :(b) building society groups;
  :(c) foreign banking groups; and
  :(d) relevant non-banking groups.
  :(2) The report will pay particular attention to receipts fromâ
  :(a) corporation tax;
  :(b) the bank levy; and
  :(c) bank payroll tax.
  
  :(3) A copy of the report in subsections (1) and (2) shall be laid before Parliament.â.
  
  
  The Bank levy was introduced by Schedule 19 of the Finance Act 2011[1]; it raises a tax on banks based on their total applicable liabilities and equities[2].
  
  
   
  
  * [1] [http://services.parliament.uk/bills/2013-14/financeno2.html Parliament's webpage on the Finance Bill]
  [http://www.legislation.gov.uk/ukpga/2011/11/schedule/19/enacted Schedule 19 of the Finance Act 2011 which provides for the Bank Levy]
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  