Contributions
1,396 recent contributions in Hansard
HANSARDFinance Bill (First sitting)The hon. Lady is absolutely right that as we work through this crisis and, as we all hope, come out the other side, there will need to be a more detailed understanding of the…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 (First sitting)Clause 10 exempts care leavers’ apprenticeship bursary payments from income tax. This Bill contains areas on which there will be disagreements across the Committee, and areas that…04 Jun 2020HANSARDFinance Bill (First sitting)Those were two useful, helpful contributions from the Opposition. The broad answer to the technical question raised by the hon. Member for Ilford North is that this is a cleaner…04 Jun 2020HANSARDFinance Bill (First sitting)I had hoped that we might be able to debate clauses 11 and 12 together, because in some respects they sit better together, but let me pick up clause 11 in its own right and we can…04 Jun 2020HANSARDFinance Bill (First sitting)I thank colleagues for their contributions. As they have recognised, the amendments are very technical in nature. I will keep my remarks brief because, if we can, I would like to…04 Jun 2020HANSARDFinance Bill (Second sitting)The clause implements recommendations 3, 4 and 5 of Sir Amyas Morse’s independent review. It sets out that the loan charge will not apply to loans outstanding at 5 April 2019 and…04 Jun 2020HANSARDFinance Bill (Second sitting)What a delight it is to see you in the Chair, Mr Rosindell. As I touched on earlier, this is one of those clauses that I do not think elicits any spirit of contention on the…04 Jun 2020HANSARDFinance Bill (Second sitting)I thank the hon. Lady for her questions. These are two technical issues that she is right to cover. The position of Revenue and Customs, and of the Government, is that there is…04 Jun 2020HANSARDFinance Bill (Second sitting)This is the first of seven clauses— clauses 14 to 20—that bear on the loan charge. I do not need to tell any Member of the House of Commons that the loan charge has elicited a…04 Jun 2020HANSARDFinance Bill (Second sitting)I thank the hon. Members for Ilford North and for Glasgow Central for their speeches. The hon. Member for Ilford North started by setting out the principles of, as it were, a…04 Jun 2020HANSARDFinance Bill (Second sitting)I beg to move amendment 1, in clause 15, page 9, line 8, at end insert— ‘(11) The Commissioners for Her Majesty’s Revenue and Customs may by regulations provide that sub-paragraph…04 Jun 2020HANSARDFinance Bill (Second sitting)The clause allows taxpayers to make an election to spread their outstanding disguised remuneration loan balance evenly across three tax years. The effect is to give to taxpayers…04 Jun 2020HANSARDFinance Bill (Second sitting)I thank the hon. Member for Ilford North for his remarks. To be clear, I am not suggesting for a second that the APPG’s members are in any sense dependent. Let me put that on the…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)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)I thank the hon. Gentleman for his thorough and wide-ranging remarks. He is right that it is a kind of principle of tax policy in a way, or the typical reaction of an individual,…04 Jun 2020HANSARDFinance Bill (Second sitting)Of course, the approach taken needs to have foundational principles aligned to it, and those can be questioned in specific contexts and by the mechanisms that I have described.…04 Jun 2020HANSARDContingencies Fund AdvanceHM Revenue and Customs will incur new expenditure in connection with the Government’s response to the coronavirus covid-19 pandemic in 2020-21. Parliamentary approval for…03 Jun 2020HANSARDStamp Duty Land Tax: Refund WindowThe past weeks have been an uncertain time for those buying and selling property. Since lockdown restrictions were implemented in March, more than 450,000 people have been unable…03 Jun 2020