text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 200 - Tax on Bankers' Bonuses
  
  --- MOTION EFFECT ---
  
  [This division is currently being described]
  
  The majority of MPs voted against requiring the Chancellor to consider reinstating a tax on bankers' bonuses. Such a tax, known formally as a "bank payroll tax" was levied as a one-off in 2009. During the debate clarity was sought as to if the proposal was for another one-off tax or to re-introduce it on a permanent basis[1]; the response was that it was certainly a proposal to reintroduce it for the current financial year and that policies for the future would be set our in the next general election manifesto[2].   
  
  MPs were considering the Finance Bill[3][4]; the text of the rejected amendment which was the subject of this vote stated:
  
  :I beg to move amendment 2, page 118, line 22, at end addâ
  
  :(14) 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 additional revenue raised would be invested to create new jobs and tackle unemployment.â.
  
  Had it been approved this amendment would have been added at the end of clause 200[5] of the Bill which deals with the rates of the Bank levy. 
  
  The Bank levy itsself is provided for by Schedule 19 of the Finance Act 2011[6]; 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[7]; Schedule 1 of that Act[8] set the rate at 50% applied to bank bonuses exceeding Â£25,000
  
  
  * [1] [http://www.theyworkforyou.com/debates/?id=2013-04-17a.368.0#g370.4 Greg Clark MP (Tunbridge Wells, Conservative), House of Commons, 17 April 2013]
  * [2] [http://www.theyworkforyou.com/debates/?id=2013-04-17a.368.0#g371.0 Christopher Leslie MP (Nottingham East, Labour), House of Commons, 17 April 2013]
  * [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]
  * [5] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0154/cbill_2012-20130154_en_13.htm#pt4-pb13-l1g200 Clause 200 of the Finance Bill as introduced 28 March 2013]
  * [6] [http://www.legislation.gov.uk/ukpga/2011/11/schedule/19/enacted Schedule 19 of the Finance Act 2011 which provides for the Bank Levy]
  * [7] [http://www.legislation.gov.uk/ukpga/2010/13/section/22 Section 22 of the Finance Act 2010]
  * [8] [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)
  