Contributions
1,396 recent contributions in Hansard
HANSARDFinance Bill (Fourth sitting)I am grateful for the question. If we get certainty in the legislation, the effect would be that the provision was no longer required. Certainty could come, as I said, at the…09 Jun 2020HANSARDFinance Bill (Fourth sitting)The clause introduces the gripping topic of top-slicing relief on life insurance policy gains. It makes changes to ensure that the calculation of top-slicing relief on life…09 Jun 2020HANSARDFinance Bill (Fourth sitting)Clause 33 and schedule 6 would make changes to UK corporation tax payment plan rules so as to provide a deferred payment option for tax on certain transactions with EEA residents.…09 Jun 2020HANSARDFinance Bill (Fourth sitting)I do not think there is any doubt at all that MPs and politicians across the political spectrum were taken by surprise and were not as alert as they should have been to the…09 Jun 2020HANSARDFinance Bill (Fourth sitting)I thank the hon. Gentleman for his remarks. I share his view: it is of enormous value to the UK to have a global financial sector between the City of London, Birmingham, Leeds and…09 Jun 2020HANSARDFinance Bill (Fourth sitting)We now enter the lush hinterlands of the banking surcharge regime. Clause 32 makes changes to the regime that ensures that the surcharge operates as intended when it was…09 Jun 2020HANSARDFinance Bill (Fourth sitting)This is another kaleidoscopically exciting measure alongside some of those that have already got the hon. Member for Ilford North so excited. I am happy to be able to titillate…09 Jun 2020HANSARDFinance Bill (Fourth sitting)That is absolutely fine. What I will do is ask the hon. Gentleman to give me the letter; I will write to him separately with a response that addresses the detail of the concern. I…09 Jun 2020HANSARDFinance Bill (Fourth sitting)That was an unexpected intervention from the Chair, Ms McDonagh, but no less welcome for that. I thank the hon. Member for Ilford North for his question. He slightly galloped…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 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)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 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)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 (First sitting)I am delighted to see you in the Chair, Ms McDonagh. I welcome all colleagues and thank them very much for their commitment to this important Bill and this important process. Ms…04 Jun 2020HANSARDFinance Bill (First sitting)May I respond briefly, Ms McDonagh? The hon. Lady talks about the Government recognising the error of their ways, but there is a misunderstanding encoded in that view. The…04 Jun 2020HANSARDFinance Bill (Second sitting)It must be a tedious amendment indeed that has not excited the imagination or genius of the hon. Member for Ilford North, so I am grateful to him for clarifying that. Clauses 19…04 Jun 2020HANSARDFinance Bill (Second sitting)Again, this is a minor and technical measure that makes minor legislative adjustments to implement changes to the loan charge, including changing the date by which loan charge…04 Jun 2020HANSARDFinance Bill (Second sitting)I understand. I think the hon. Gentleman said the date is 19 September 2021, and that is what threw me, because I do not think that that date applies to the issue that he has…04 Jun 2020HANSARDFinance Bill (Second sitting)I thank the hon. Gentleman for his question. The principle is as laid out in the legislation and it should be recognised as wider than might originally have been contemplated, as…04 Jun 2020