The draft Withdrawal Agreement published on Wednesday sets out the terms of the UK’s exit from the EU, including a Protocol on Northern Ireland. It reflects agreement in principle between the UK and EU negotiating teams on the full legal text. The government intends to lay a final version of the agreement before Parliament once it is finalised. The outline of the Political Declaration on the future relationship sets out progress on the scope of the framework for the future relationship. Negotiations are ongoing to finalise the Political Declaration.

This is a summary of the Finance Bill clauses in each group for Monday and Tuesday and all the amendments and new clauses tabled. 

The latest Finance Bill (the third of the current session) had its second reading in the House of Commons on Monday 12 November. The debate saw Conservatives claiming lower tax rates mean higher tax takes and Labour concerns about universal credit and the parliamentary process. The debate was quite haphazard, as MPs debated the principles of the Finance Bill rather than the detail. A Labour amendment that declined to give this Bill a second reading on the basis that it continues damaging austerity policies was defeated by 302 votes to 279.

CIOT Wales' Ritchie Tout on Welsh Government plans for a vacant land tax and the debate about housing supply. This first appeared in the Western Mail on Thursday 8 November 2018.

The Treasury Committee has held three evidence sessions for its inquiry into Budget 2018, taking evidence from the OBR, economists and the Chancellor.  Additionally the committee has received written evidence from CIOT and ICAEW on those organisations’ views of the Budget measures. The committee is not expected to take further evidence and is thought likely to report in the next few days.

MPs spent four days this week debating the Budget and related policy issues, before voting on the Budget resolutions on Thursday (1) evening. 

The devolution of tax-setting powers across the UK is a transformative issue meriting wider debate than at present.

That was the overwhelming view of a panel of experts who gathered at 10-11 Carlton House Terrace for the latest CIOT/IFS debate on the future of the UK’s tax system, chaired by Helen Miller from the IFS.

The House of Lords Economic Affairs Committee Finance Bill Sub-Committee are holding an oral evidence session on Draft Finance Bill 2018 with representatives from HMRC. The CIOT are liveblogging the session from 4pm today (Mon).

Peers held three hearings last week as part of their inquiry into the provisions of Draft Finance Bill 2018 (which focuses on Making Tax Digital and HMRC Powers). This followed an earlier hearing with representatives of tax and accountancy bodies, including the CIOT’s John Cullinane - see here


The House of Lords Economic Affairs Finance Bill Sub-Committee will take oral evidence on HMRC Powers and Making Tax Digital from LITRG and others today as part of its inquiry into Draft Finance Bill 2018. A liveblog appears below.