text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 200 - Bank Payroll Tax
  
  --- MOTION EFFECT ---
  
  [This division description is in progress]
  
  
  :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.
  
  This would have been added at the end of clause 200 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[4]; 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[5]; Schedule 1 of that Act[6] set the rate at 50% applied to bank bonuses exceeding Â£25,000
  
  
  * [1] [http://services.parliament.uk/bills/2013-14/finance.html Parliament's webpage on the Finance Bill (now the Finance Act 2013)]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0154/cbill_2012-20130154_en_1.htm Finance Bill as introduced 28 March 2013]
  * [3] [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]
  * [4] [http://www.legislation.gov.uk/ukpga/2011/11/schedule/19/enacted Schedule 19 of the Finance Act 2011 which provides for the Bank Levy]
  * [5] [http://www.legislation.gov.uk/ukpga/2010/13/section/22 Section 22 of the Finance Act 2010]
  * [6] [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)
  