Contributions
1,396 recent contributions in Hansard
HANSARDFinance Bill (Sixth sitting)It is not often that I am invited to engage in philosophical speculation on the nature of time. Temporary, as far as I am aware, does not have a definition in law. We are framing…11 Jun 2020HANSARDFinance Bill (Sixth sitting)A review in the formal sense is a substantial undertaking. It is something that is done periodically to assess the viability or effectiveness of taxes. Given the amount of…11 Jun 2020HANSARDFinance Bill (Sixth sitting)I very much appreciate the hon. Lady’s comments. I will speak to the amendment and to clause 70, as well as to the SNP’s new clause 11. Clause 70 requires the Government to review…11 Jun 2020HANSARDFinance Bill (Fourth sitting)I feel almost sad to be winding up on the final clause of this very good day. I thank the hon. Lady very much for her questions. Regarding the transition period, she has said she…09 Jun 2020HANSARDFinance Bill (Third sitting)Thank you very much indeed, Mr Rosindell; it is a delight to see you in the Chair. I start by saying that we are at the point in “The Pilgrim’s Progress” where we are about to…09 Jun 2020HANSARDFinance Bill (Third sitting)I thank the hon. Lady for her remarks and for welcoming these measures. She expresses what I know will be the universal sentiment in this Committee: a sense of profound gratitude…09 Jun 2020HANSARDFinance Bill (Third sitting)The clause and schedule 22 rename entrepreneurs’ relief as “business asset disposal relief” and reduce the lifetime limit for gains eligible for relief so that from 11 March 2020…09 Jun 2020HANSARDFinance Bill (Third sitting)I thank the hon. Members for Houghton and Sunderland South and for Aberdeen South very much for their comments. They raise a number of important points. It is certainly true that…09 Jun 2020HANSARDFinance Bill (Third sitting)We continue to stride boldly through the slough of despond. Here we come to the reform of the capital gains tax private residence relief ancillary reliefs. The clause makes…09 Jun 2020HANSARDFinance Bill (Third sitting)I thank the hon. Lady for her comments. She raises the question of retrospectivity. We do not regard the changes as retrospective. Capital gains tax is due only when a disposal is…09 Jun 2020HANSARDFinance Bill (Third sitting)We are 50 minutes in and making very good progress, so thank you for your leadership from the Chair, Mr Rosindell. Clauses 24 and 25 and schedule 3 make changes to UK corporation…09 Jun 2020HANSARDFinance Bill (Third sitting)I would not have dreamt of not responding to the concerns raised by Members of the Opposition, and I am grateful to you, Mr Rosindell, for allowing me to do so. The hon. Member…09 Jun 2020HANSARDFinance Bill (Third sitting)This is a very small and technical measure that widens the scope of capital gains tax relief in respect of loans to traders, so that from 24 January 2019 it applies to loans made…09 Jun 2020HANSARDFinance Bill (Third sitting)I am keenly aware of the 11 o’clock minute’s silence, and I wish to respect that, so I will keep my remarks short. The hon. Gentleman will be aware that my consideration of the EU…09 Jun 2020HANSARDFinance Bill (Fourth sitting)It is a delight to see you in the Chair this afternoon, Ms McDonagh. Clause 27 increases the rate of relief for businesses investing in research in development and supports the…09 Jun 2020HANSARDFinance Bill (Fourth sitting)I thank the hon. Gentleman for his thoughtful comments and questions. Let me discuss the SME scheme first. It is worth reminding the Committee that the SME scheme is extremely…09 Jun 2020HANSARDFinance Bill (Fourth sitting)I am glad to be able to address clause 35 and the questions the hon. Members for Aberdeen South and for Houghton and Sunderland South have raised. Clause 35 changes the approved…09 Jun 2020HANSARDFinance Bill (Fourth sitting)Clause 28 makes changes that increase the rate of relief provided by the structures and buildings allowance. It is interesting that this allowance was also singled out by the CBI…09 Jun 2020HANSARDFinance Bill (Fourth sitting)I thank the two hon. Gentlemen for their questions and comments on the clause. The hon. Member for Ilford North raises the question of what he calls tinkering, and I of course…09 Jun 2020HANSARDFinance Bill (Fourth sitting)Almost as if it had been perfectly choreographed to illustrate the underlying nature of a Public Bill Committee on a Finance Bill, clause 30 concerns corporation tax intangible…09 Jun 2020