Contributions
1,562 recent contributions in Hansard
HANSARDFinance Bill (Second sitting)I thank the shadow Minister for his support for these clauses, and for what we seek to do through them: as he said, level the playing field between alternative finance and…28 Jan 2025HANSARDFinance Bill (Second sitting)The clause and schedule make changes to alternative finance tax rules for refinancing, and will promote financial inclusion for those who choose to use alternative forms of…28 Jan 2025HANSARDFinance Bill (Second sitting)I thank the shadow Minister for his broad support for the changes we are making and for recognising the benefit that these measures can bring in supporting the integrity of…28 Jan 2025HANSARDFinance Bill (Second sitting)I reassure the shadow Minister that, as Ministers and Treasury officials, we are routinely in conversation with the industry and those companies that benefit from R&D support. We…28 Jan 2025HANSARDFinance Bill (First sitting)We know that in any local area there needs to be a balance between visitor accommodation and long-term accommodation. I am sure that the hon. Member and others recognise the…28 Jan 2025HANSARDFinance Bill (First sitting)The hon. Gentleman’s question goes slightly beyond the ambit of the tax measures we are discussing. As I understand, he is talking about the wider regulation and the approach to…28 Jan 2025HANSARDFinance Bill (First sitting)If I understand the hon. Member’s question correctly, it might relate to clauses in the lease of the property, but I am not quite sure what her point was. I will come back to this…28 Jan 2025HANSARDFinance Bill (First sitting)The clause and the schedule abolish the furnished holiday lettings tax regime from April 2025, removing the tax advantages that landlords who offer short-term holiday lets have…28 Jan 2025HANSARDFinance Bill (First sitting)As I was saying, we are seeking to calibrate the incentives carefully for the transition to EVs to support manufacturers and consumers and to give as much certainty as possible,…28 Jan 2025HANSARDFinance Bill (First sitting)I thank the shadow Minister for his questions and his support for the clause. He mentioned a question that the ATT raised about the interaction between the extension of the 100%…28 Jan 2025HANSARDFinance Bill (First sitting)Clauses 23 and 24 make changes to extend the 100% first-year allowances for qualifying expenditure on zero emission cars and plant or machinery for electric vehicle charge points…28 Jan 2025HANSARDFinance Bill (First sitting)I thank the hon. Gentleman for his support for the clause. We are on a roll of him supporting clause after clause—may this continue throughout the rest of the Bill. The hon.…28 Jan 2025HANSARDFinance Bill (First sitting)Clause 22 introduces technical amendments to provide certainty that advance pricing agreements are available for all financing arrangements covered by the transfer pricing rules,…28 Jan 2025HANSARDFinance Bill (First sitting)I thank the shadow Minister for his support for the clause and the amendments. He rightly recognises that this is a simplification to make things happen quicker in the tax system,…28 Jan 2025HANSARDFinance Bill (First sitting)I will briefly address clause 21 before explaining what the amendment seeks to achieve. The clause makes changes to simplify the process for operating pay-as-you-earn where an…28 Jan 2025HANSARDFinance Bill (First sitting)I beg to move amendment 15, in clause 21, page 11, line 21, after “is” insert “or has been”. This amendment makes it clear that new section 690 applies if an employee has been…28 Jan 2025HANSARDFinance Bill (First sitting)I thank the shadow Minister for his support for the clause. I think his question was about the impact of repealing ORIP. A fundamental point here is that pillar two, which we…28 Jan 2025HANSARDFinance Bill (First sitting)The clause repeals the offshore receipts in respect of intangible property legislation, known as ORIP, which was aimed at disincentivising large multinational enterprises from…28 Jan 2025HANSARDFinance Bill (First sitting)Clause 19 and schedule 4 introduce the undertaxed profits rule—the third and final part of the internationally agreed global minimum tax known as pillar two. They also amend the…28 Jan 2025HANSARDFinance Bill (First sitting)Yes. In the context of this discussion on corporation tax, I will address the comments about other taxes. The shadow Minister again mentioned business rates and business rates…28 Jan 2025