Contributions
715 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Fourth sitting)I will not expound on the detail of the clauses, but I will explain why the Government cannot accept the amendments. On amendment 44, any public disclosure of evidence before an…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)On competitiveness, the Government of course do not place any additional burdens on businesses lightly, but reducing economic crime helps the good functioning of the UK economy…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Clauses 75 and 76 close an avoidance loophole to ensure that the inheritance tax exemption for gifts to charities works as intended. Changes were made in 2023 to the definition of…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Clause 57 has three connected objectives. First, the change will enable certain collective money purchase schemes to apply to become a registered pension scheme. Secondly, it will…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)Clause 94 will make changes such that the vehicle excise duty expensive car supplement threshold is increased to £50,000 for zero emission cars, from its current level of £40,000.…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)Clause 105 legislates for the new rates of the soft drinks industry levy to apply from 1 April 2026. It amends section 36(1) of the Finance Act 2017 to reflect the new rates of…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)In response to the shadow Minister’s question, the Government do consider the impact of each individual tax measure on businesses and consumers in the round with the others, at…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)The Government will consider all tax measures in the round in the usual way in the run-up to the Budget. It would not be right for me to speculate on what will or will not be in…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)Clauses 90 to 93 will make changes to the vehicle excise duty rates for rigid goods vehicles without trailers and tractive units, the cab of an articulated lorry, rigid goods…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)I thank the hon. Member for North West Norfolk for his romantic invitation to King’s Lynn; I may be otherwise engaged on that date, but I thank him for it all the same. I am…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)The Government’s view was that it was right to put a threshold in the system. Labour Members do not think that it is right for the super-rich to continue to receive the winter…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I can give the assurance that this will not be an unreasonable burden, or even a small burden, on charities that are continuing to behave in a way that is reasonable and right. I…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)There are different ways of measuring income. In this instance, the Government’s decision is that total income is an appropriate way of measuring it. We keep all taxes and all…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)The Government are doing a lot to continue supporting the UK’s vibrant capital markets. We have some of the deepest capital markets globally. We have, for example, changed UK…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)The Government are taking action to tackle those who attempt to bend or break the rules to avoid paying the tax that they owe. The clause introduces a new provision to address…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Clause 56 and schedule 11 reform the tax treatment of carried interest—a form of performance-related reward that is received by individuals who work as fund managers. At the…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I thank the hon. Members for North West Norfolk and for Maidenhead for their remarks and my hon. Friend the Member for Burnley for his enjoyable intervention. In response to the…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)As with other measures that have been debated this week, for example on business rates, it seems that the Conservatives were just getting around to reform on the issue. Now they…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Clause 55 and schedule 10 will provide a mechanism to recover the winter fuel payment from those who are not eligible, to balance support for vulnerable pensioners with…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)The measure contained in clause 56 was in our manifesto, and I think it is good that the Government are making progress to implement our manifesto reforms. We have been working…29 Jan 2026