Contributions
1,562 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Fifth sitting)As we have heard, clause 98 relates to the power to make temporary modifications of taxation of employment income. The clause will grant the Treasury the power to make regulations…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)For the avoidance of doubt, I would like to clarify the point I raised with the Minister earlier. I was not seeking to ask the Government to be entirely prescriptive about what an…11 Jan 2022HANSARD Charter for Budget Responsibility and Welfare CapToday could have been a chance for Treasury Ministers to come to the House and set out plans to help people facing the rising costs of living in 2022. They could have come here to…10 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)It is a pleasure to serve on a second Finance Bill Committee under your chairship, Dame Angela. I will address the clauses that the Minister set out in her remarks, starting with…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)As we have heard, clause 46 introduces a requirement for companies making a payment of RPDT to provide information about a payment to HMRC so that receipts for the tax can be…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)As the Minister has described, clause 43 relates to allowances and provides for the operation of the allowance that is deducted from profits chargeable under the RPDT. Under…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)As the Minister has described, clause 45 and schedule 8 concern the application of corporation tax provisions and management. The clause applies general corporation tax principles…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)As we have heard, clause 39 concerns adjusted trading profits and losses relating to the calculation of the RPDT charge. Subsection (2) lists the circumstances in which trading…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)As we have heard, clauses 34 to 38 concern the key concepts contained in the RPDT legislation. Clause 34 sets the basic conditions that, when satisfied, mean that a company is to…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)For the sake of clarity, I would be grateful if the Minister could help my understanding. She said that the tax was intended to raise £2 billion over 10 years, but she may have…05 Jan 2022HANSARDFinance (No. 2) Bill (First sitting)I recognise that the Minister is unwilling to accept the amendment, although I would have welcomed a reassurance that she would take the principle behind the amendment away,…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)I beg to move amendment 11, in clause 9, page 5, line 20, leave out “6 years” and insert “5 years and 9 months”14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)I am grateful for the opportunity to respond to the clauses on behalf of the Opposition. As we have heard, clause 1 imposes a charge for income tax for the year 2022-23. It is for…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)As we have heard, clause 10 relates to the increase of the normal pension age to 57 from 6 April 2028. The stated intention of the clause is to protect members of the registered…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)As we have heard, the clause concerns qualifying asset holding companies, and sits alongside schedule 2. The aim of the clause, we understand, is to recognise certain…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)Clause 9 relates to the liability of insurance scheme administrators for the scheme’s annual allowance charge. I welcome the opportunity to discuss the clause and our amendment to…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)As we have heard from the Minister, clause 11 relates to public service pension schemes and the rectification of unlawful discrimination. It provides the Treasury with the power…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)Clause 13 concerns the structures and buildings allowance statements. As we heard, it introduces a new requirement for allowance statements to include the date that qualifying…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)As we have heard, clause 15 and schedule 3 concern real estate investment trusts. The clause and schedule amend the REIT rules and, as the Government have said, seek to remove…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)Clause 17 will temporarily increase the rate of theatre tax credit for theatrical productions that commence production on or after 27 October 2021. From 27 October 2021 to 31…14 Dec 2021