Contributions
715 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Sixth sitting)The registration will be phased in during 2026-27. Tax advisers will not have to register immediately on 18 May 2026; it will be from then. Question put and agreed to. Clause 242…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)One of the challenges here is that asking the Opposition to scrutinise the Government’s record on living standards is like asking the thief to scrutinise the workings of the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)Let us be really clear: in this Parliament, we are going to see living standards rise, and we are going to do all we can to beat the forecast that the OBR set out. We beat the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I fully recognise the intention behind these proposals. Members on both sides of the Committee are rightly focused on how tax changes affect businesses of all sizes, across the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I thank the shadow Minister for his engagement during this process. I look forward to discussing further provisions. Question put and agreed to. Clause 274 accordingly ordered to…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)Clauses 242 to 246 require tax advisers who interact with HMRC on behalf of a client to register with HMRC and meet minimum standards from May 2026. We have been debating a number…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)One of the big challenges with these promoters is that, although HMRC often finds different routes to go after them, their non-compliance and the fact they are based overseas make…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I thank the shadow Exchequer Secretary, the hon. Member for North West Norfolk, for his engagement and diligence throughout the Committee’s six sittings in scrutinising the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I have set this out, but I want to clarify that the tribunal is independent. The head of the tribunal would be an existing first-tier tax tribunal judge. As the hon. Member for…03 Feb 2026HANSARD Taxation: Small and Medium-sized EnterprisesYes, and we extended the relief by a year, at a lower rate, and now, rather than ending it overnight, we have introduced significant transitional relief, so many of the businesses…03 Feb 2026HANSARD Taxation: Small and Medium-sized EnterprisesI thank my hon. Friend for her question and the representation that she provides in this place for the small businesses in her constituency—it is a wonderful part of the world. If…03 Feb 2026HANSARD Taxation: Small and Medium-sized EnterprisesThree quarters will see their business rates fall or stay the same this year. Then, those rates will be frozen for two years. The crucial point, which relates to whether it is…03 Feb 2026HANSARD Taxation: Small and Medium-sized EnterprisesI am always happy to receive representations from Members on both sides of the House. I will look out for correspondence from the hon. Member in my very large weekend…03 Feb 2026HANSARDFinance (No. 2) Bill (Fifth sitting)I thank the shadow Minister for his questions and engagement. This is one of the largest parts of the Bill, and sets out a significant change to taxation and the treatment of…03 Feb 2026HANSARDFinance (No. 2) Bill (Fifth sitting)Thank you. Burnley is a fantastic place to visit, and I hope to come before too long. These clauses create the charge to CBAM, define the goods and emissions in scope, identify…03 Feb 2026HANSARDFinance (No. 2) Bill (Fifth sitting)The shadow Exchequer Secretary invited the Economic Secretary to his constituency. Last week, he invited me to come on Valentine’s day to enjoy the bumper cars. I know the…03 Feb 2026HANSARD Taxation: Small and Medium-sized EnterprisesWe do have one of the highest VAT thresholds among large economies in Europe and of course the Government keep all tax policy thresholds, rates and so on under review. I would be…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)These clauses introduce a power for HMRC to issue promoter action notices. As my hon. Friend the Economic Secretary outlined, these are another part of our toolkit in pursuing the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)The clause is a key one for going after promoters based offshore, to go to the points made in the debate so far. The Committee is right that it is tricky to go after those based…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)Clause 182(2) sets out: “A requirement under subsection (1)(d) may not prohibit disclosure for, or in connection with, the purpose of— (a) complying with the notice, or (b)…03 Feb 2026