Contributions
702 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Fourth sitting)The clauses deal with changes to vehicle excise duty for heavy goods vehicles, rigid good vehicles with and without trailers, vehicles with exceptional loads, and haulage vehicles…29 Jan 2026HANSARDFinance (No. 2) Bill (Third sitting)It is a pleasure to see the Exchequer Secretary in his place. Some Committee members may have felt that his ministerial colleague the Economic Secretary dealt with some clauses…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)Thank you, Mrs Harris. I am almost the only one who has said anything in this Committee, so hopefully people know my name. I rise to speak to clause 96 and to my new clauses 20…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)The Minister is a fair man, so he will recognise the impact that the pandemic and the war in Ukraine had on inflation and energy prices. Could he confirm what the inflation rate…29 Jan 2026HANSARDFinance (No. 2) Bill (Fourth sitting)My hon. Friend, like me, has a very rural constituency that spends tens of millions of pounds on this. I think Norfolk spends around £30 million or £40 million a year on taxis to…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 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 (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 (First sitting)As the Minister said, these clauses are mainly technical, tidying-up measures, but they are worthy of debate none the less. Clause 31 clarifies the corporation tax treatment of…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)The hon. Member and I agree about the importance of long-term certainty. People who are watching the proceedings may wonder why we did not just table an amendment to extend the…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Well, indeed. I will come on to the detail. On the broader point, we support the initiative behind these measures—to encourage people to bring more of their money to the UK,…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)Clause 34 will amend the Corporation Tax Act 2009 to clarify restrictions on relief for overseas R&D applied to companies across the entire United Kingdom, including Northern…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Charities are a very important topic. We need to ensure that we give it appropriate scrutiny, given the importance of charities in our society and communities. Clause 52 and new…27 Jan 2026HANSARDSupport for BusinessesThe Chancellor promised hospitality firms that she would lower their taxes, but her business rate raid is hammering every town, village, city and high street. This is not just an…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 45 will extend the PAYE notification process to include treaty non-residents and introduce the 30% cap, to which the Minister referred, on overseas workday relief that can…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)The Minister has skirted over quite a few detailed issues rather briefly. It will reassure the Committee to know that I intend to take a bit more time to go through what are…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)As the Minister says, clause 42 abolishes the notional tax credit that non-residents have historically been able to claim on their UK dividend income. Under the current system,…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 49 and schedule 7 make changes to the rules that decide, where a company has a permanent establishment in the UK, how its profits are then taxed and when they apply. The…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)New clause 4 stands in my name and that of my hon. Friend the Member for Wyre Forest. As the Minister says, clause 48 introduces a power for HMRC to implement a new reporting…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)I rise to speak to clause 50 and to new clause 5, which is in my name. Clause 50 will amend parts of the Finance (No. 2) Act 2023 and implement the multinational top-up tax and…27 Jan 2026