text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 209 - Tax on Bankers' Bonuses
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require the chancellor to review the possibility of introducing a tax on bankers' bonuses and how the revenue raised could be spent on tackling unemployment. 
  @ MP voted no against requiring the chancellor to review the possibility of introducing a tax on bankers' bonuses and how the revenue raised could be spent on tackling unemployment. 
  
  The majority of MPs voted against requiring the chancellor to review the possibility of introducing a tax on bankers' bonuses (known as a bank payroll tax) and against requiring him to report on how the additional revenue raised would be invested to create new jobs and tackle unemployment.
  
  A "bank payroll tax" was levied as a one-off in 2009[1]. 
  
  The text of the amendment rejected by the vote was:
  
  :amendment 5, page 121, line 19, at end addâ
  
  :'(2) The Chancellor of the Exchequer shall review the possibility of incorporating a bank payroll tax within the bank levy and publish a report, within six months of the passing of this Act, on how the additional revenue raised would be invested to create new jobs and tackle unemployment.â.
  
  This sub-section would have been added to clause 209 of the Finance Bill which is titled "Bank Levy"[2]. The Bank Levy itsself is provided for by Schedule 19 of the Finance Act 2011[3]; it raises a tax on banks based on their total applicable liabilities and equities. A bank payroll tax was first introduced by Section 22 of the Finance Act 2010[4]; Schedule 1 of that Act[5] set the rate of the bank payroll tax at 50% which applied to bank bonuses exceeding Â£25,000.
  
  * [1] [http://www.parliament.uk/briefing-papers/sn05251.pdfâ Taxation of banking - House of Commons Library - Standard Note - 17 July 2013]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2010-2012/0325/12325.116-122.html#j0636 Clause 209 of the Finance Act 2012 as introduced]
  * [3] [http://www.legislation.gov.uk/ukpga/2011/11/schedule/19/enacted Schedule 19 of the Finance Act 2011 which provides for the Bank Levy]
  * [4] [http://www.legislation.gov.uk/ukpga/2010/13/section/22 Section 22 of the Finance Act 2010]
  * [5] [http://www.legislation.gov.uk/ukpga/2010/13/schedule/1 Schedule 1 of the Finance Act 2010]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  