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Report stage took place in the House of Commons on 5 and 6 September 2016. One new clause was added to the Bill and a number of amendments agreed, including an opposition amendment to Schedule 19 introducing a power for the Treasury to make regulations requiring large businesses to include a country by country report when they publish their group tax strategy.
 

Once again the Chartered Institute of Taxation (CIOT) and the Institute for Fiscal Studies (IFS) are jointly organising debates during this year’s party conference season, this time on the question: ‘What role can the tax system play in tackling inequality?’ 

With the Scottish Parliament back from its summer recess this week, the First Minister, Nicola Sturgeon, has set out her government’s legislative programme for the year ahead.

A year ago, in his speech to Labour Conference, Shadow Chancellor John McDonnell announced he had commissioned a review of HMRC. That review, chaired by Professor Prem Sikka, reported today.

HMRC yesterday announced plans for a major reorganisation, with current directors-general being assigned new responsibilities

FInance Bill report stage takes place in the House of Commons today and tomorrow. For the uninitiated the discussions can sometimes be a little confusing. So here is what they will be discussing in each group of amendments. Some of the wording is taken from the Government's notes, some is our own description of what we think an amendment is trying to do. Government amendments are listed first, with opposition ane backbench amendments in each group afterwards, in bullet point format, as they are unlikely to be passed (though may still dominate debate).

The management of assets such as money, investments, land or buildings in relation to inheritance tax (IHT) are in the spotlight as a result of the death of the Duke of Westminster.

Financial Secretary David Gauke (since promoted to Chief Secretary to the Treasury), thanked the CIOT for its expert advice on government tax policy in the past 12 months, at the Institute’s Annual Parliamentary Reception on June 28th.

The CIOT external relations team have produced a detailed (40 pages) note of committee stage debates on Finance Bill 2016.

CIOT members, other tax professionals and anyone else with an interest in how tax policy is made, are invited to comment on a new paper published by CIOT, the Institute for Government and the Institute for Fiscal Studies.