COVID-19

 


The Treasury Committee held the first oral evidence session of its Tax after Coronavirus inquiry this week (1 Sept). The witnesses were Paul Johnson, Director at the Institute for Fiscal Studies, Dr Gemma Tetlow, Chief Economist at the Institute for Government, Mike Brewer, Deputy Chief Executive and Chief Economist at the Resolution Foundation, and Professor Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs. They spoke for greater neutrality in employment taxes and better taxation of property.


This is a reproduction of a comment article written by John Cullinane, Tax Policy Director at the Chartered Institute of Taxation, which appeared in The Independent on Monday (24 August 2020).

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.

The Treasury Committee invited Torsten Bell, Chief Executive at Resolution Foundation, Paul Johnson, Director at Institute for Fiscal Studies, Dr Gemma Tetlow, Chief Economist at Institute for Government, and Giles Wilkes, Senior Fellow at Institute for Government, to give evidence in its inquiry on the economic impact of coronavirus, this week.

The Treasury Select Committee held an evidence session on Tuesday 21 April on the economic impact of Coronavirus. Two evidence sessions were conducted over a two-hour period:

There are very strict rules regarding the waiver of both salary and bonuses. If the rules are not followed an employer may find themselves being pursued by HM Revenue and Customs for PAYE and NICs.