text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 1 - Additional Rate of Income Tax
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to abolish the additional rate of income tax applying to income over Â£150,000 per year
  @ MP voted no to set the additional rate of income tax, applying to income over Â£150,000 per year, at 45% for 2013-14, a reduction from the previous 50% rate. 
  
  The majority of MPs voted to set the additional rate of income tax, applying to income over Â£150,000 per year, at 45% for 2013-14  (a reduction from the previous rate of 50%). 
  
  MPs were considering the Finance Bill when they voted on:
  
  amendment 1, page 2, line 4, leave out paragraph (c).
  
  The paragraph (c) in question was in clause 1 of the Finance Bill[1][2] and set the additional rate of income tax for 2013-14 at 45%. Had the paragraph been removed there would have been no additional rate of income tax for 2013-14.
  
  The MP who moved the amendment, Owen Smith, stated during debate[3]:
  
  :A tax cut for millionairesâÂ£40,000 for 14,000 millionaires, signed away in one short line, in subsection (2)(c), which cuts the additional top rate of tax from 50p to 45p. Let me be clear: our amendment would get rid of that provision. It would do what we as the Opposition are able to do and strike out from the Bill the change from 50p to 45p. Let there be no doubt whatever: we will be voting to remove paragraph (c) later today.
  
  The Finance Bill was not amending the previous rates of income tax, but setting them for 2013-14 so the effect of Owen Smith MP's amendment would have been to reduce the additional top rate of income tax from 50% to 0%. 
  
  At the time of the vote the additional rate was 50% charged on income over Â£150,000 per year, as it had been since the additional rate had been introduced in 2010-11[4][5]. The Finance Bill contained a provision to set the rate at 45% for 2013-14. 
  
  Had the amendment passed the intent of the mover, and the intent of the House of Commons may have been taken into account and further amendments to effect that intent may have been moved. 
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2010-12/financeno4/documents.html Parliament's webpage on the Finance Bill 2012 (Now the Finance Act 2012]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2010-2012/0325/12325.1-4.html#j0612_combined Clause 1 of the Finance Bill 2012-2013 as introduced on the 28th of March 2012] 
  * [3] [http://www.theyworkforyou.com/debates/?id=2012-04-18a.327.6#g327.9 Owen Smith MP (Pontypridd, Labour), House of Commons, 18 April 2012] 
  * [4] [http://www.hmrc.gov.uk/rates/it.htm#1a Income Tax Rates and Allowances - HMRC]
  * [5] [http://www.hmrc.gov.uk/statistics/tax-structure/table-a2.pdf RATES OF INCOME TAX: 1990-91 TO 2013-14 - HMRC]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  