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I am grateful for my hon. Friend’s patience and tolerance in the face of such provocation. Does she agree that part of the problem that we are trying to address through new clause 13 is the culture of excessive bonuses? Opposition Members recognise that that is part of the problem...
I am grateful for my hon. Friend’s patience and tolerance in the face of such provocation. Does she agree that part of the problem that we are trying to address through new clause 13 is the culture of excessive bonuses? Opposition Members recognise that that is part of the problem...
Does the hon. Gentleman agree that part of the problem with the banking crisis is the excessive bonus culture? Perhaps shareholders and Governments should have dealt with that, but we will discuss that on Thursday. Is this proposal not an attempt to address that issue and to ensure that those...
Does the hon. Gentleman agree that part of the problem with the banking crisis is the excessive bonus culture? Perhaps shareholders and Governments should have dealt with that, but we will discuss that on Thursday. Is this proposal not an attempt to address that issue and to ensure that those...
The hon. Gentleman is being very generous and accommodating, as always. Does he know what the bonus figure has been for Bob Diamond over the past two years, while the hon. Gentleman’s Government have been in office?
The hon. Gentleman is being very generous and accommodating, as always. Does he know what the bonus figure has been for Bob Diamond over the past two years, while the hon. Gentleman’s Government have been in office?
The hon. Gentleman is developing an interesting argument. Does he agree that bonuses have been too high not just in the state-owned banks but in the privately owned banks, and that shareholders should do their duty and exercise some control over bonus pots? Bonuses have been paid in banks, such...
The hon. Gentleman is developing an interesting argument. Does he agree that bonuses have been too high not just in the state-owned banks but in the privately owned banks, and that shareholders should do their duty and exercise some control over bonus pots? Bonuses have been paid in banks, such...
The hon. Gentleman says that accountants know the cost of everything and the value of nothing, but how does he weigh the cost to the banks against the cost to this lost generation—the 100,000 people in Dover, Easington and the constituencies we represent—consigned to a life on the dole?
The hon. Gentleman says that accountants know the cost of everything and the value of nothing, but how does he weigh the cost to the banks against the cost to this lost generation—the 100,000 people in Dover, Easington and the constituencies we represent—consigned to a life on the dole?
Thank you for the differentiation, Madam Deputy Speaker. It is a pleasure to be in such august company as that of my hon. and good Friend the Member for Livingston (Graeme Morrice)—
Thank you for the differentiation, Madam Deputy Speaker. It is a pleasure to be in such august company as that of my hon. and good Friend the Member for Livingston (Graeme Morrice)—
I am grateful to you, Madam Deputy Speaker, for the opportunity to speak in this debate and to follow my hon. Friends the Members for Wansbeck (Ian Lavery) and for Livingston, and indeed the hon. Member for Dover (Charlie Elphicke), who served on the Public Bill Committee. He is not...
I am grateful to you, Madam Deputy Speaker, for the opportunity to speak in this debate and to follow my hon. Friends the Members for Wansbeck (Ian Lavery) and for Livingston, and indeed the hon. Member for Dover (Charlie Elphicke), who served on the Public Bill Committee. He is not...
I would have more respect for the hon. Gentleman’s intervention if he had sat through the whole debate, because those points have been raised. It is beholden on the Government to do more, not less; we have to learn from the lessons of history. I urge hon. Members to support...
I would have more respect for the hon. Gentleman’s intervention if he had sat through the whole debate, because those points have been raised. It is beholden on the Government to do more, not less; we have to learn from the lessons of history. I urge hon. Members to support...
That this House notes that the Chancellor of the Exchequer has permitted only six weeks for consultation on his proposal to imposeVAT on many sports nutrition drinks and that those weeks included two bank holidays and the Easter recess, contrary to the Government's Code of Practice on Consultation which requires 12 weeks; observes that the impact assessment accompanying the consultation wrongly describes the 20 per cent VAT rate as a small increase in price; regrets that this move will push up prices for such products and damage small, specialist manufacturers, will have a negative impact upon jobs and growth, undermine consumer safety by driving customers to source products from less reputable overseas mail order and internet suppliers and, in the year of the London Olympics, send out the wrong message about the importance of sport and exercise in improving public health; further observes that HM Revenue and Customs has also failed to take into account the reduced UK tax revenues associated with a switch to offshore sourcing and the reduction in wider UK tax revenues from the sector as sales reduce, profits fall and employment is affected; considers the move to be bizarre when milkshakes, drinking chocolate and Jaffa cakes continue to be zero-rated; and urges the Chancellor to think again.
That this House notes that the Chancellor of the Exchequer has permitted only six weeks for consultation on his proposal to imposeVAT on many sports nutrition drinks and that those weeks included two bank holidays and the Easter recess, contrary to the Government's Code of Practice on Consultation which requires...
That this House notes that the Chancellor of the Exchequer has permitted only six weeks for consultation on his proposal to impose Value Added Tax on many sports nutrition drinks and that those weeks included two bank holidays and the Easter recess, contrary to the Government's Code of Practice on Consultation which requires 12 weeks; observes that the impact assessment accompanying the consultation wrongly describes the 20 per cent VAT rate as a small increase in price; regrets that this move will push up prices for such products and damage small, specialist manufacturers, will have a negative impact upon jobs and growth, undermine consumer safety by driving customers to source products from less reputable overseas mail order and internet suppliers and, in the year of the London Olympics, send out the wrong messages about the importance of sport and exercise in improving public health; further observes that HM Revenue and Customs has also failed to take into account the reduced UK tax revenues associated with a switch to off-shore sourcing and the reduction in wider UK tax revenues from the sector as sales reduce, profits fall and employment is affected; considers the move to be bizarre when milkshakes, drinking chocolate and jaffa cakes continue to be zero-rated; and urges the Chancellor to think again.
That this House notes that the Chancellor of the Exchequer has permitted only six weeks for consultation on his proposal to impose Value Added Tax on many sports nutrition drinks and that those weeks included two bank holidays and the Easter recess, contrary to the Government's Code of Practice on...
That this House notes the damaging impact on the North East-based Greggs business and other companies of the decision to impose standard rate VAT on freshly baked food; believes that a one-fifth increase in the prices of their products will deter customers, further reduce economic activity and reduce working hours and jobs, and may also undermine the good work of the Greggs Foundation which funds breakfast clubs and youth groups; further believes that it will needlessly create new anomalies, enforcement difficulties and potential litigation and undermine high street regeneration; warmly welcomes the petition on the issue organised by the National Association of Master Bakers and Greggs, which has won over 200,000 signatures; and urges the Government to use the statutory consultation period to listen carefully to the industry and negotiate a fair deal for all concerned.
That this House notes the damaging impact on the North East-based Greggs business and other companies of the decision to impose standard rate VAT on freshly baked food; believes that a one-fifth increase in the prices of their products will deter customers, further reduce economic activity and reduce working hours...