Contributions
1,396 recent contributions in Hansard
HANSARDLoan Charge: ProsecutionsThe suggestion that promoters are being allowed to do just anything is quite wrong. If my right hon. Friend had looked closely at the current Finance Bill, he would have seen a…27 Apr 2021HANSARDTopical QuestionsI thank the hon. Gentleman for his question. As he will know, we have covered this quite extensively in this debate so far. The self-employed scheme is very wide ranging and…27 Apr 2021HANSARDFinance (No.2) Bill (Fourth sitting)Clause 123 makes changes to allow information notices to be used to obtain documents and information for the purpose of collecting a tax debt. I remind the Committee that the UK…27 Apr 2021HANSARDTopical QuestionsMy hon. Friend is absolutely right. I salute the people of Carlton and I rejoice in the businesses of Mapperley. I encourage businesses across the constituency of Gedling to take…27 Apr 2021HANSARDFinance (No.2) Bill (Fourth sitting)Clause 116 harmonises interest charges and repayment interest in order to bring VAT in line with other taxes, including income tax self-assessment. As with the reforms to…27 Apr 2021HANSARDFinance (No.2) Bill (Fourth sitting)Clause 122 makes changes to enable HMRC to issue a new financial institution notice that in certain circumstances will require banks and others to provide information about a…27 Apr 2021HANSARDFinance (No.2) Bill (First sitting)Clause 37 makes technical amendments to the corporate loss relief rules introduced in 2017. These ensure that the rules function as originally intended. They protect revenue by…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)The clause makes provision for an easement for plant and machinery leases caught by anti-avoidance legislation when extended due to coronavirus. The easement has the effect of…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I am grateful to the hon. Members for Glasgow Central and for Ealing North for their questions; let me speak to the points they have raised. The hon. Member for Glasgow Central…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I thank the hon. Members for Glasgow Central and for Ealing North. I do not think that we need to spend too long on this. Clause 22 makes changes to the taxation of termination…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I am not sure there is a need to respond. I thank the hon. Member for Glasgow Central for her comments and the shadow Minister for the Opposition’s support. Question put and…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)Of course, HMRC does not disclose information about individual taxpayers. It has not made any income tax deductions on payments already made to potential victims. I am not aware…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)Clause 38 makes two changes to ensure that the corporate interest restriction rules work as intended. The Government introduced these rules in 2017 to counter base erosion and…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)Clause 19 and schedules 3 and 4 make changes to deter abuse in the payable credit element of the research and development tax relief for small or medium-sized enterprises, or…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)This is a small but important measure. Clause 39 exempts the Northern Ireland Housing Executive from corporation tax, bringing it into line with state-funded housing providers and…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I am grateful to the hon. Member for his questions. Of course, it is in the nature of avoidance that it is not possible to estimate: it is avoidance or potential avoidance, so it…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I thank the hon. Gentleman for his questions, to which I shall respond when I have described how the clause works. Clause 20 extends the operation of social investment tax relief…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)The clause makes changes to ensure that employees who receive certain long-term salary sacrifice benefits do not lose entitlement to a tax advantage if they begin to receive…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I thank the hon. Lady for her intervention. She will be aware that this relief has been in place since 2014-15. It is unfortunate, therefore, that it has not been taken up more…22 Apr 2021HANSARDFinance (No.2) Bill (First sitting)I thank the hon. Gentleman for his comments. I anticipated them in my remarks. I would say that, as he has indicated, the issue was carefully discussed and reviewed—rightly so—in…22 Apr 2021