A live blog of the Treasury Select Committee's evidence session on Budget Autumn 2017, which took place from 10.00am to 11.40am on Tuesday 5 December.

Ray McCann, Deputy President of the Chartered Institute of Taxation (CIOT) gave oral evidence to the committee along with Andrew Courts of the Association of Chartered Certified Accountants (ACCA) and Frank Haskew of the Institute of Chartered Accountants in England and Wales (ICAEW).

John Mann MP (Labour) oversaw proceedings in the absence of the chair, Nicky Morgan MP.

Peers debated the Queen’s Speech this week (Jan 9), with an emphasis on the economic announcements within it. However, most of the long debate was about the NHS and adult social care. Below is a summary of the key points in the debate, picking out tax-related mentions in particular.

The Labour Party has published its ‘Fair Tax Programme’, promising to raise more than £6 billion a year with measures including an Offshore Property Company Levy, scrapping non-dom status and trebling the number of audits carried out by HMRC.

A Green Party government would merge income tax, employees’ national insurance, taxation of dividends, capital gains tax and inheritance tax into a single Consolidated Income Tax. According to the party’s manifesto, published today (19), this would raise an extra £20 billion a year of revenue. The Greens also propose replacing the income tax personal allowance with a Universal Basic Income.

MPs on the Finance (No.3) Bill public bill committee have resumed consideration of the Finance Bill at 2.00pm on Thursday 6 December, starting with consideration of clause 60 (Air Passenger Duty).

You can read the amendments tabled for debate here. You can listen to the debate here.

MPs have debated clause 21 on permanent establishments: preparatory or auxiliary activities; clause 24 on Group relief etc: meaning of “UK related” company; clause 25 on intangible fixed assets: exceptions to degrouping charges etc; clause 26 and schedule 9: Corporation tax relief for carried forward losses; clause 27 and schedule 10: Corporate interest restriction; clause 28 and schedule 11: Debtor relationships of company where money lent to connected companies; clause 30: Special rate expenditure on plant and machinery; and Clause 31: Temporary increase in annual investment allowance.

MPs spent four days this week debating the Budget and related policy issues, before voting on the Budget resolutions on Thursday (1) evening. 

The Lords waited until Thursday (15) before debating the Chancellor’s Spring Statement. Some of the speakers reflected on Chancellor Hammond’s stating that ‘There is light at the end of the tunnel’ for the UK’s public finances.

At a conference where the Government’s tax policies for the Parliament were virtually invisible economic debate focused on the general case for low taxes and free markets – contrasted with Labour’s agenda – and, of course, Brexit.

There were few new policy announcements at the Labour party conference, instead the emphasis was on reiterating the positions they took in their manifesto for the General Election 2017.