Blog

A Public Accounts Committee report has said British business is being ‘hit hard’ by unfair and illegal tax practices by overseas competitors using online trading platforms.

A live blog on the fifth and sixth public bill committee sittings of Finance Bill 2017-19, which took place on Tuesday 24 October 2017 at 9.25am and 2pm.

Scottish Government Minister Jamie Hepburn told an event organised by the CIOT and the Institute for Fiscal Studies (IFS) that there are significant reasons to be concerned by the growth of the gig economy and a rise in the use of zero hours contracts.

Universal Credit (UC) aims to simplify benefits by merging six benefits into one and asking people to deal with only one part of Government. Labour used one of their ‘opposition days’ to hold a Commons debate on the UC roll-out of. About 90 MPs wanted to speak. The roll-out continues with 55 areas this month. There was a vote at the end of the debate in which Labour’s motion was approved 299-0, mainly because Conservative MPs (under orders from the party whips) abstained. The result means the House of Commons has called on the Government to pause the roll-out of UC. While the result of the vote is non-binding on the Government it is a symbolic victory for Labour. Speaker John Bercow caused controversy by stating that, following the vote: "A minister from the government should come to the House and show respect to the institution and say what it intends to do."

A liveblog on the fourth public bill committee sitting of Finance Bill 2017-19, which took place on the afternoon of Thursday 19 October 2017. Covers clauses 29-42 of the Bill, including deemed domicile, overseas property and disguised remuneration.

A liveblog on the third public bill committee sitting of Finance Bill 2017-19 . Debate started from clause 20, on corporate interest deductiblity, and also covered tax reliefs for museum exhibitions and grassroots sport, the patent box and the substantial shareholding exemption. Two government amendments were passed.

A liveblog on the second sitting of Finance Bill Public Bill Committee. Starting from clause 10, MPs considered topics including EIS and VCTs, social investment tax relief, the new trading and property allowances and changes to corporation tax including treatment of carried-forward losses.

A liveblog on the first sitting of Finance Bill Public Bill Committee. Clauses 1-9 were approved, covering topics including the new income tax exemption for pensions advice, changes to the Money Purchase Annual Allowance, a reduction in the nil rate for dividend income and a legislative fix to the disproportionate tax charges that can arise from partial surrenders of life insurance policies.

The SNP conference in Glasgow was once again light on tax policy announcements, but all signs appear to point towards greater divergence from the rest of the UK.

MPs were queuing up to call for a pause to the roll-out of universal credit, in a series of oral questions for David Gauke, Secretary of State for Work and Pensions, who remained unconvinced of the need. Applicants can now ask for an advance payment of universal credit to help them get by while they wait for their first payment. This is called a ‘short term advance’. Without a short-term advance it will take at least five or six weeks after someone applies for universal credit to get their first payment.