If the Welsh diverge upwards from English rates of income tax it might prompt some higher earners in Wales to relocate but the vast majority of people are unlikely to up sticks unless the income tax variations are very significant.
Shadow Chancellor John McDonnell opened this Opposition Day debate on tax avoidance and evasion, by saying Conservative governments have failed to address tax avoidance and evasion while making ‘savage’ cuts to public services and undermining the social security net.
The Budget will present new Chancellor Rishi Sunak with some tough choices. This week the IFS have pointed out that Sunak will have to raise taxes, break the Government’s fiscal rule or entrench austerity.
The Building Better, Building Beautiful Commission, an independent body set up to advise government on how to promote and increase the use of high-quality design for new build homes and neighbourhoods, published its final report recently with 45 policy recommendations.
This page contains a liveblog written during the February 10th House of Lords Finance Bill Sub-Committee evidence session on Draft Finance Bill 2019, focusing on proposed reforms to the rules on off-payroll working.
Conservative MP Mike Wood secured a Westminster Hall debate on taxation on beer and pubs that was held this week (5), enabling MPs to raise concerns over levels of beer duty (too high), small brewers relief (review needed) and the impact of business rates (pub-specific relief welcomed).
Labour MP Dame Margaret Hodge secured and opened a debate in the Commons about Netflix, having spent the last decade campaigning for more corporate transparency. She is currently angry with Netflix because she says it deliberately ‘dodges’ its corporation tax bills while receiving money from the public coffers through the high-end television tax relief. In the last two years it has received nearly £1 million from the Government in tax credits and, according to its USA accounts, it is ready to enjoy £218 million in tax credits worldwide. The UK makes up 14 per cent of Netflix’s non-US market.
In the Commons this week, Stuart C. McDonald, SNP MP for Cumbernauld, Kilsyth and Kirkintilloch East, obtained an adjournment debate to highlight what he calls HMRC’s ‘disastrous’ proposals to close Cumbernauld tax office.