Contributions
1,107 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Fifth sitting)New clause 4, tabled by the hon. Member for Glasgow Central, asks the Government to “publish within 12 months of this Act coming into effect an impact assessment of the changes in…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)As the hon. Gentleman says, the new clause asks the Government to “publish within 12 months of the Act coming in effect an assessment of the impact of the Act as a whole on the…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)I thank you, Sir Christopher, and your co-Chair, Hansard, the Doorkeepers, our Whips, our Parliamentary Private Secretaries and our officials at Her Majesty’s Treasury and Her…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Clause 94 introduces schedule 15, which covers a new requirement for large businesses to notify Her Majesty’s Revenue and Customs when they adopt an uncertain tax treatment. The…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)I am grateful for the contributions from Opposition Members. I was very pleased that the hon. Member for Ealing North recognised the importance of closing the tax gap and welcomed…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Clauses 95 and 96 concern tax administration provisions. They provide certainty that HMRC may use discovery assessments to take action in certain cases in which taxpayers have not…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Again, I thank hon. Members on the Opposition Benches for their contributions. The essence of the points made by the hon. Member for Erith and Thamesmead was one of fairness, and…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Clause 97 is the third of three clauses relating to HMRC’s tax administration provisions. The clause makes minor technical revisions to the provisions for the calculation of…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)I thank the hon. Lady. Question put and agreed to. Clause 97 accordingly ordered to stand part of the Bill. Clause 98 Power to make temporary modifications of taxation of…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Clause 98 introduces regulation-making powers to allow the Government to make temporary changes to provide income tax relief on certain benefits in kind or expenses in a disaster…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)I thank hon. Members for their contributions. Both the hon. Member for Ealing North and the hon. Member for Glasgow Central asked us to be more prescriptive in the legislation—to…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)The hon. Lady is right to say that a number of measures were reactive, but they were brought it at extremely quick pace and were effective pretty much immediately. She makes a…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)The hon. Member is being a little unfair in his categorisation of what would happen and what we are seeking. That has not been defined in legislation because it is very hard to…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)The new clause would require the Government to publish a review of the impact of the international tax policy changes in the Bill, and of the overall tax changes in the Bill, on…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)Clause 100 increases the maximum independent representation on the board of the Office of Tax Simplification by two members, giving a total membership of 10. The OTS is the…11 Jan 2022HANSARDFinance (No. 2) Bill (Fifth sitting)I thank the hon. Members for Gordon and for Ealing North for their contributions. I was very interested to hear about the new clauses from the hon. Member for Gordon. New clause…11 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)There are quite a lot of points to address. I will deal with those that are easy to deal with orally, and I will get back to the hon. Member for Ealing North in writing on some of…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clauses 34 to 38 set out key definitions for the residential property developer tax, which collectively set out the conditions that need to be satisfied for a business to be in…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clauses 43 and 44 provide for the operation of the annual allowance. The RPDT will be charged on the profits that exceed a residential property developer’s £25 million annual…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clauses 39 to 42 set out how to calculate the tax base for the purposes of RPDT for an accounting period. Clause 39 sets out what adjustments are made to the UK corporation tax…05 Jan 2022