Contributions
1,107 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (Third sitting)I am grateful for the indication that there will be no opposition, so I ask that the clauses stand part of the Bill. Question put and agreed to. Clause 39 accordingly ordered to…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)The clause gives the Secretary of State for International Trade the power to call in and take control of reviews of trade remedies measures transitioned from the EU. This ensures…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Again, I am very grateful for that indication. I commend the clauses to the Committee. Question put and agreed to. Clause 43 accordingly ordered to stand part of the Bill. Clause…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)The Government have made clear that they propose to raise £2 billion from this tax. They have done extensive analysis as to what the appropriate rate is to recover that amount. At…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)I thank the hon. Lady very much for those points. I welcome the fact that she, too, thinks it important that this country remains competitive and flexible, and supports growth in…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clause 67 introduces a power enabling changes to be made by secondary legislation to stamp duty and stamp duty reserve tax in relation to securitisation and insurance-linked…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clause 46 provides for RPDT receipts to be monitored. It introduces a requirement for residential property developers making an RPDT payment to state the amount of the payment to…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)I assure the hon. Gentleman, as I assured the hon. Member for Glasgow Central some moments ago, that HMRC will be ready to bring in the tax that we are legislating for. As he will…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clause 45 and schedule 8 provide for RPDT to be treated for administrative purposes as an amount of UK corporation tax. Clause 45 outlines the framework within which RPDT will…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Like me, the hon. Lady will be aware that when things go through the secondary legislation procedure they are subject to scrutiny by this House, through those Committees. She will…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)Clause 72 relocates into IPT legislation the criteria to determine the location of an insured risk for the purpose of insurance premium tax. IPT is charged on most general…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)I am grateful to the hon. Member for Glasgow Central for her broader points about the subject matter. I do not think she raised a particular point in relation to the clause under…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)I did not want to interrupt the hon. Lady, but I think she has gone outside the remit of the measures in the Bill. However, I would like to correct her on a point— [ Interruption.…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)That is very kind, Dame Angela. I want to correct a general point that the hon. Lady made in relation to steel and the decision that was made by the then Secretary of State for…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)The clause simplifies the way that technical updates are made to the UK’s tariff schedule. This measure inserts a new provision into the Taxation (Cross-border Trade) Act 2018 so…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)It is a pleasure to serve under your chairmanship, Dame Angela. Like you, I wish all members of the Committee a happy new year. As the Committee will know, the Government are…05 Jan 2022HANSARDFinance (No. 2) Bill (Third sitting)I very much welcome the initial comments of the hon. Member for Ealing North, and that he welcomes the points in principle. That is important, given that we are trying to help…05 Jan 2022HANSARDFinance (No. 2) Bill (First sitting)I am grateful for the hon. Member’s indication that he will not oppose the clause, and have nothing further to add. Question put and agreed to. Clause 11 accordingly ordered to…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)Clause 14 and schedule 2 introduce a new regime for the taxation of certain asset-holding companies being used by funds and institutional investors to make their investments.…14 Dec 2021HANSARDFinance (No. 2) Bill (First sitting)I am happy that the hon. Gentleman recognises that this is a clause worthy of Bill. Question put and agreed to. Clause 13 accordingly ordered to stand part of the Bill. Clause 14…14 Dec 2021