Contributions
637 recent contributions in Hansard
HANSARDLoan ChargeThose of us on the Labour Benches have repeatedly asked the Government what they are doing to clamp down on the enablers of the loan charge and we have repeatedly received feeble…21 May 2019HANSARDLoan ChargeSix? There are thousands of these wheezes going on out there. Let me give the Minister another example. Under existing tax compliance and procurement rules, and public contracts…21 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (Second sitting)We support the new clause, although we will not press it to a vote. Given that there are not many people in the room and this probably will not be listened to very much, I can say…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Okay. May I go on to the issue of collection? The legislation does not set out the way in which the class 1A charge will be collected, stating that that will be covered by…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Can you confirm that no distributional analysis has been undertaken of the impact of the new class 1A charge for employers on termination awards? Is that correct? Simon Smith:…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Thank you. It is a pleasure to see you in the Chair, Ms McDonagh. Minister, on publishing its report of 14 November 2016, the then chair of the Office of Tax Simplification,…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Yes, termination payments. Robert Jenrick: First, the most important point to make is that we have chosen only to apply national insurance contributions class 1A to employers’…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q I acknowledge your point, but the answer to the question is no; you have not done a distributional analysis, and you say you cannot do one because it is not pertinent or…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q I understand that class 1A charges will arise and be paid in real time, rather than after the tax year-end, as is the case with other class 1 charges. Given that we are talking…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q May I follow up on a point that Mr Wood made? I felt a certain amount of ambivalence about the statement that the impact on the charity sector would be minimal. Any pound…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q That is right, but that takes me to my second point, which is that you have almost bureaucratised the process. We are moving from a much simpler process to one in which I…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Given that answer, can you provide any examples of the confusion that employees have had with the previous tax and national insurance treatment of termination awards? Raj…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q I am glad you mention the point about the Finance Act 2016. Do you think it has succeeded in doing what you intended it to do? Or are you not quite sure yet? Is it too early to…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q I will ask the same question that I asked the Minister and his colleagues. Angela Knight, the then chair of OTS, said in November 2016: “Our independent review has…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Given that you made these suggestions and the Government have taken them up, can you give us some examples of the confusion employers had with the previous tax and national…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q How substantial was that evidence? Bill Dodwell: I cannot give you an underlying view. Much of it is provided by people who give evidence to the OTS on a voluntary basis. We…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Would you characterise the introduction of a new class 1A NIC charge as an anti-avoidance measure, or as a measure designed to simplify the tax code and raise revenue? Bill…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q I may come back to that at some point, if I may. Can I turn to the Chartered Institute for Taxation? Do you have an opinion or any observation on the time it has taken the…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Does that fit in with the broader proposal? It was referred to in the 2016 press release as being just one step forward in this area. Do you feel that we have ground to a halt…14 May 2019HANSARDNational Insurance Contributions (Termination Awards and Sporting Testimonials) Bill (First sitting)Q Yes, and that is the sense that I get. I am not asking you to confirm my sense, but I sense that it has got thus far and no further at this stage. Part of the Government’s…14 May 2019