text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 1 - Report on Impact of Additional Rate of Income Tax for Income Over Â£150,000
  
  --- MOTION EFFECT ---
  
  
  
  @ MP voted aye to require the production of report on the impact of changing the additional rate of income tax. 
  @ MP voted no against the production of a report on the impact of changing the additional rate of income tax. 
  
  
  The majority of MPs voted against requiring a report on the impact of changing the additional rate of income tax. At the time of the vote, during the 2013-14 tax year this was charged at a rate of 45% 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 of both the rate cut for 2013-14 and of increasing the rate to back 50% for 2014/15. 
  
  MPs rejected a proposed new clause for the Finance Bill[3][4] which 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 the 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 ofâ
  :        (a) over Â£150,000 per year; and
  :        (b) over Â£1,000,000 per year.
  :(4) The report shall review what impact reducing the additional rate for 2013-14 will have on the level of bonuses awarded in the financial sector in April 2013.â.
  
  ==
  
  * [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)
  