The second reading of the Taxation (Cross-border Trade) Bill 2017-19 – a general debate on all aspects of the Bill - and all remaining stages took place in the House of Lords on 4 September. The Bill is a Supply Bill. The House of Lords cannot amend Supply Bills so committee stage, report stage and third reading are just formalities. As both Houses have agreed on the text of the Bill it now waits for the final stage of Royal Assent. A date for Royal Assent has yet to be set. This is a complex piece of legislation and consists of 58 clauses and nine schedules.
Below are the briefings / submissions produced on the current Finance Bill by CIOT. Generally speaking documents were provided to Labour and SNP spokespeople as briefings but also made as formal submissions to the Public Bill Committee.
The CIOT made a submission in response to a call for evidence issued by the Economy, Jobs and Fair Work Committee of the Scottish Parliament, in respect of their inquiry on the economic impact of leaving the EU.