UK Parliament / Open data

Finance (No. 2) Bill

Proceeding contribution from Mel Stride (Conservative) in the House of Commons on Monday, 11 December 2017. It occurred during Debate on bills on Finance (No. 2) Bill.

As my hon. Friend will know, we brought in a variety of measures in 2015 that changed the basis of taxation for banks. Over the period of the coming forecast, we will be receiving some £4.5 billion in additional income from banks by way of taxation as a consequence of those changes.

From April 2018, new diesel cars will go up one vehicle excise duty band in their first-year rate, and the existing company car tax diesel supplement will increase by one percentage point. However, drivers of petrol and ultra low emissions vehicles—cars, vans and heavy goods vehicles—will not be affected, and nor will those who have already bought a diesel car. As the Chancellor said at the Budget, white van man and white van woman can rest easy.

Type
Proceeding contribution
Reference
633 c69 
Session
2017-19
Chamber / Committee
House of Commons chamber
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