Tory MP in bid to keep 10% tax credit on Isas

Shadow paymaster general, Stephen O'Brien MP, is tabling an amendment to the 2003 Finance Bill thi...

Shadow paymaster general, Stephen O'Brien MP, is tabling an amendment to the 2003 Finance Bill this week that, if passed, would maintain the 10% tax credit on dividends for Isa investors. O'Brien and shadow chief secretary to the Treasury, Howard Flight MP, have been working closely with trade bodies, including the IMA and Pima, to find ways of reversing the Government's proposal to end the tax credit next April. Flight said the amendment, which would remove section 76 1(a) of the 1998 Finance Act which allows for the ending of the tax credit in 2004, will be tabled on 6 May, the da...