Blog archive - 2017

This a live blog of the emergency debate in the House of Commons about the 'Paradise Papers', held on November 14th. The Paradise Papers is the name given to a huge leak of documents, mostly from the law firm Appleby, which has thrown light on the world of offshore finance.

The leak of 13 million documents, mostly from the law firm Appleby, and follow up reporting by the Guardian, BBC Panorama and others, has once again opened up the debate about international tax both for corporates and for private individuals.

In response to an urgent question from the opposition, Financial Secretary to the Treasury Mel Stride made a statement and took questions from MPs on the revelations contained in the first extracts of the so-called ‘Paradise Papers’.

The House of Lords Select Committee on the Constitution has published a report on preparing legislation. While not tax-specific many of its recommendations relate to tax legislation and it quotes CIOT evidence in a number of places. 

A live blog on the Public Accounts Committee's examination of HMRC performance in 2016–17 and HMRC Estate.

The BEIS and Work and Pensions Committees continued their inquiry into the Taylor Review. Professor Sir David Metcalf CBE, Director, Labour Market Enforcement, was the sole person giving evidence on this occasion. His office is made up of a small team of eight people, which reports to the Home Office (responsible for the GLAA, the Gangmasters and Labour Abuse Authority) and BEIS.

There was a debate about HMRC’s “Building our Future” programme which sets out to close 137 offices and centralise in 13 large regional hubs and four specialist sites. HMRC will keep open a limited number of transitional sites, for several years. Labour and SNP MPs spoke in favour of a pause to the programme, with Conservatives keen to continue it.

There was a debate in Westminster Hall on the taxation of beer and pubs. Two things are important to know, last March the Government announced that beer duty, along with other alcohol duty rates, needed to rise in line with RPI. 

A live blog on report stage and third reading debate on the floor of the House of Commons, which took place between 1.25pm and 5.20pm on Tue 31 Oct. Debate focused on amendments on deemed domicile, termination payments, quarterly reporting and digital record-keeping and treatment of chargeable gains on commercial property by persons with foreign domicile. Government amendments were passed and opposition amendments were defeated.

It’s now over three months since the announcements which put VAT firmly at the vanguard of the Making Tax Digital (MTD) programme. Our blog in July took a look at the challenges faced by businesses, advisers and HMRC.