Contributions
702 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Sixth sitting)One of the points that the Chartered Institute of Taxation also raised is the difficulty of dealing with promoters who are based outside the UK. It says that 20 to 30 of the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)It is good to be back in the saddle as we come on to some more clauses and, later this afternoon, new clauses. The amendment was tabled in my name, and I will speak to clauses 259…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I beg to move amendment 50, in clause 259, page 236, line 4, at end insert— “(1A) After paragraph 5(8) insert— ‘(8A) A person is not liable to a penalty point as a result of the…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I am grateful to my hon. Friend for taking us through these detailed and complex clauses. On the point about lack of consultation, does he agree that there would be merit in…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)Well, as my hon. Friend the Member for Wyre Forest says from a sedentary position, pandemics, wars and energy price shocks did have something to do with the impact, but the figure…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)I am grateful to the Minister for her response and to the hon. Member for Maidenhead for highlighting the large number of people who miss the deadline. As I say, the reality is…03 Feb 2026HANSARDFinance (No. 2) Bill (Sixth sitting)On the mechanics, the Association of Taxation Technicians has raised the point that the scheme is due to be a requirement from May, yet there is a lack of clarity about how or…03 Feb 2026HANSARDDraft Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2026
Draft Local Government Finance Act 1988 (Calculation of Non-Domestic Rating High-Value Multiplier) (England) Regulations 2026It is a pleasure to see you in the Chair, Mr Mundell. The two sets of regulations together set out the new tiered business rates system for the 2026 financial year. In plain…02 Feb 2026HANSARDFinance (No. 2) Bill (Third sitting)At present, when a disabled person uses their mobility benefits, such as the mobility component of the personal independence payment or disability living allowance, to lease a…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I rise to speak to clauses 75 and 76, as well as new clause 13 in my name. The clauses fit within the inheritance tax part of the Bill. In Committee of the whole House, we had…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)I beg to move amendment 42, in clause 79, page 95, line 37, at end insert— “(3B) Section (3A) does not apply to journeys by private hire vehicle or taxi in rural areas.” This…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I am grateful to the hon. Member for Maidenhead for bringing forward these amendments to what is a very important clause, one that honours a commitment; I remember sitting in the…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)In the debate on the first clause that we considered in Committee, there was a commitment to keep corporation tax at 25% across this Parliament. Can the Minister at least commit…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I may not have read that manifesto as closely as the hon. Gentleman. [Laughter.] For the record, I did not say that. I think the record will also prove that that measure was not…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Clause 57 updates HMRC’s pension rules to align them with the Pension Regulator’s authorisation regime for collective money purchase schemes. Such schemes pool members’…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)I will speak to clause 56, the schedule and new clause 11, which is tabled in my name. The Minister talks of reform; indeed, clause 56 fundamentally changes how carried interest…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)It is a pleasure to see you back in the Chair presiding over our proceedings this afternoon, Mrs Harris. I will speak to amendment 42, which stands in my name and that of my hon.…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)My hon. Friend makes a valuable point. We want more certainty within the system, as far as possible. On earlier clauses, we debated the uncertainty that can come from having…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)Following the 2024 Budget, the Government decided to implement a long-term residency test for inheritance tax. That is a 10-year residency in a 20-year time period. Clause 70…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)Clause 98 increases the standard and lower rates of landfill tax from 1 April, uprating them in line with the retail prices index. In practical terms, that means the standard rate…29 Jan 2026