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Media and politics

Chancellor plays straight bat to committee probing on tax reform

The House of Commons Treasury Committee took oral evidence from the Chancellor, Rishi Sunak, officially as part of its inquiry into the economic impact of coronavirus, though other issues were also covered. Also attending was Dan York-Smith, Director of Strategy, Planning and Budget, at the Treasury.

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MPs call on Government to account for tax giveaways

The House of Commons Public Accounts Committee (PAC) has published a report that looks at Management of Tax Reliefs. In it the PAC argues that the Government knows too little about the tax reliefs it provides: whether they work, or offer value for money, or even how much they actually cost.

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Finance Bill and SDLT Bill clear the Lords

The Finance Bill and Stamp Duty Land Tax (Temporary Relief) Bill passed their House of Lords stages today (17 July). Debate on the two bills was combined. There were concerns about the winners of the stamp duty cut, the IR35 changes and exchanges about the loan charge.

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Treasury Committee launches Tax after Coronavirus inquiry

The House of Commons Treasury Committee has launched a new inquiry called ‘Tax after coronavirus’. The inquiry was launched by commitee chair Mel Stride and his fellow committee member Angela Eagle at an online event hosted by CIOT earlier today.

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Scepticism about winners of flagship property policy

The Stamp Duty Land Tax (Temporary Relief) Bill passed through the House of Commons on Monday of this week. The Bill ensures that anyone buying a main home for under £500,000 before the end of March next year will pay no stamp duty.

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VAT and SDLT cuts on menu as Chancellor serves up ‘Plan for Jobs’

Chancellor Rishi Sunak has provided an update on the UK’s economic recovery from COVID-19 and set out a ‘Plan for Jobs’ which includes a targeted VAT cut, a ‘Job Retention Bonus’ and a cut in stamp duty land tax (SDLT).

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CTA Address 2020: Professor Mayson says overriding objective of regulation should be the public interest

This year’s CTA address was delivered by Professor Stephen Mayson, a barrister and legal commentator who recently concluded a two-year assessment of the regulation of legal services in England and Wales. In his address – which was held online – Professor Mayson explored the potential future regulation of the tax advice market.

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Finance Bill 2020 report stage day 2

MPs are considering amendments and new clauses tabled to the Finance Bill, relating to tax reliefs and easements and support measures in response to coronavirus. After report stage third reading debate will take place.

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Finance Bill 2020 report stage day 1

MPs considered amendments and new clauses tabled to the Finance Bill, relating to the Digital Services Tax, the Bill's environmental impact, the loan charge and off-payroll working. 

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Regrets about tax in 2010s? Our panellists have a few

The CIOT and Institute for Fiscal Studies hosted an online debate on Tax in the 2010s: Successes and Failures, last week (24). This is the first time one of the popular joint debates has been held online, and the event secured a record 880 registrations.

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