Contributions
449 recent contributions in Hansard
HANSARDFinance (No. 2) Bill (First sitting)Clause 35 reduces the amount of capital gains tax relief available on disposal of company shares to the trustees of an employee ownership trust. The Government are committed to…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)To the comments from the shadow Minister, the hon. Member for Wyre Forest, it is important to bear in mind that on the changes we are making to EOTs, even post these changes, the…27 Jan 2026HANSARDResearch and Development BondsInnovation is a key driver of long-term economic growth, higher productivity and improved living standards. That is why this Government are investing more in R&D and why we are…27 Jan 2026HANSARDResearch and Development BondsMy hon. Friend raises an important point. This Government are investing an extra £29 billion in our national health service. I would be happy to meet him to discuss it further.27 Jan 2026HANSARDGovernment-backed Loans: SMEsThe Government provide a wide range of loan support for SMEs through the British Business Bank. This includes the start up loans programme and the growth guarantee scheme, the…27 Jan 2026HANSARDResearch and Development BondsI am grateful to the hon. Member for his question. Indeed, he and I have discussed this issue previously. We are due to meet to discuss it later this month, and I am very much…27 Jan 2026HANSARDGovernment-backed Loans: SMEsIt is absolutely right that we have increased the amount of funding going into the National Wealth Fund. On my hon. Friend’s specific question, my understanding is that we have…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Again, I welcome the shadow Minister’s support for these measures. However, he is absolutely wrong to suggest that these measures and the broader package will discourage foreign…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 42 abolishes the notional tax credit available to non-UK residents on UK company dividends. That credit no longer serves a purpose, under the modern dividend taxation…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 45 and schedule 4 will make changes to the pay-as-you-earn notification process that enables employers to give provisional in-year tax relief to globally mobile employees,…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)I am grateful to my hon. Friend for his intervention. I think it is right to say that the reporting of every element of FIG will not be necessary. I am afraid I shall have to…27 Jan 2026HANSARDGovernment-backed Loans: SMEsOn the Government’s policies vis-à-vis businesses as a whole, we support the sort of businesses the hon. Member refers to in a whole range of ways. On businesses in his area, 80%…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)I can confirm that guidance will be forthcoming, and I am absolutely sure that it will be clear. I am also pleased to confirm that there will be no additional administrative…27 Jan 2026HANSARDFinance (No. 2) Bill (First sitting)Clause 30 will extend the 100% first-year allowance for qualifying expenditure on zero emission cars and plant or machinery for electric vehicle charge points by a further year to…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)A criticism of complexity has been made. The aim of these reforms is, of course, simplicity. I think it is recognised across the House that in matters of taxation, simplicity is…27 Jan 2026HANSARDGovernment-backed Loans: SMEsThe hon. Member may well know that, at the spending review, we increased the financial capacity of the British Business Bank to £25.6 billion. There are a number of ways in which…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)I hope that what I am about to say will provide a good deal of reassurance to the shadow Minister. The purpose of the reform was to simplify the legislation and bring the regime…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 43 makes amendments to the residence-based tax regime that was introduced in the Finance Act 2025. These changes reflect feedback from the Government’s continued engagement…27 Jan 2026HANSARDGovernment-backed Loans: SMEsMy hon. Friend is a tireless champion of businesses in Bassetlaw, and I wish her a happy birthday for yesterday. In the recent spending review, the Government extended the growth…27 Jan 2026HANSARDFinance (No. 2) Bill (Second sitting)Clause 46 will introduce a new corporation tax assessing provision for unassessed transfer pricing profits. It will replace the diverted profits tax, a stand-alone tax that will…27 Jan 2026