My Lords, although I welcome the suggestion that the Chancellor might allow there to be no income tax on grants of up to £2,000, as I understand it, the spirit of the provision is more about the go-getter employee shareholders. I would suggest that if there is income tax on amounts over £2,000, this scheme will not get anywhere because the amount of tax that people pay will be quite disproportionate to the risk they are taking on their equity and to the values—as the noble Lord, Lord Pannick, pointed out—of what they are giving up. It is important to sort out by the time we return on Report precisely what the income tax position will be.
Growth and Infrastructure Bill
Proceeding contribution from
Lord Flight
(Conservative)
in the House of Lords on Wednesday, 6 February 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
743 c310 
Session
2012-13
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2022-06-07 15:32:34 +0100
URI
http://hansard.intranet.data.parliament.uk/Lords/2013-02-06/130206108000003
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2013-02-06/130206108000003
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2013-02-06/130206108000003