text_body: --- DIVISION TITLE ---
  
  Finance (No. 2) Bill - New Clause 10 - Assessment of Annual Investment Allowance - Impact of Leaving the EU
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require a report on tax incentives to invest in plant and machinery, and on how their impact might have been impacted by remaining in the EU, or leaving the union under different terms.  
  
  @ MP voted no not to require a report on tax incentives to invest in plant and machinery, and on how their impact might have been impacted by remaining in the EU, or leaving the union under different terms.  
  
  The majority of MPs voted not to require a report on tax incentives to invest in plant and machinery, and on how their impact might have been impacted by remaining in the European Union, or leaving the union under different terms.  
  
  MPs were considering the Finance (No. 2) Bill.[1][2][3]
  
  The proposed new clause rejected in this vote was titled: ''Assessment of annual investment allowance'' and stated: 
  
  :The Government must publish within 12 months of this Act coming into effect an assessment ofâ
  
  :(a) how much the changes to the annual investment allowance under section 12 of this Act will affect GDP in the event of the Finance Act coming into effect, and
  
  :(b) how the same changes would have affected GDP had the UKâ
  
  :(i) remained in the European Union, and
  
  :(ii) left the European Union without a Future Trade and Investment Partnership.â
  
  The rejected new clause was accompanied by the following explanatory statement from its proposer:
  
  :This new clause would require an assessment of the effects of the provisions in clause 12 on GDP in different scenarios.
  
  Clause 12 of the Bill[2] was titled: ''Extension of temporary increase in annual investment allowance'' and extended a temporary increase of the annual investment allowance to Â£1,000,000 due to end on 31 December 2021 until 31 March 2023. 
  
  The annual investment allowance is the amount of investment in plant and machinery which can be deducted from profits before tax. 
  
  
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  * [1] [https://bills.parliament.uk/bills/3060 Parliament's webpage on the Finance (No. 2) Bill], Parliament.uk
  * [2] [https://bills.parliament.uk/publications/43399/documents/874 The Finance (No. 2) Bill (as introduced), 4 November 2021], Parliament.uk
  * [3] [https://publications.parliament.uk/pa/bills/cbill/58-02/0184/en/210184en.pdf Explanatory notes to the Finance (No. 2) Bill], Parliament.uk
  * [4] [https://www.legislation.gov.uk/ukpga/2010/4/part/7A/chapter/4/crossheading/the-surcharge Section 269DA of the Corporation Tax Act 2010], Legislation.gov.uk
  * [5] [https://www.gov.uk/capital-allowances/annual-investment-allowance Annual Investment Allowance], Gov.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  