Finance Bill 2017-19

 


It was a case of ‘blink and you’ve missed it’, as the House of Lords considered and passed the Finance Bill after a cursory debate lasting just 39 minutes on Thursday morning. For historic reasons the Lords are not allowed to amend finance bills so the only stage of the bill to see any discussion in the upper house was second reading debate.

A live blog of the fifth and sixth public bill committee sittings of Finance (No.2) Bill 2017-19, which took place on Tuesday 16 January at 9.25am and 2pm. Issues debated included double tax relief, offshore trusts, VAT and online marketplaces and landfill tax. Clauses 30-50 were passed along with a range of amendments.

A live blog of the third and fourth public bill committee sitting of Finance (No.2) Bill 2017-19, which took place on Thursday 11 January at 11.30am and 2pm. Issues debated included taxation of partnerships, R&D credits and other corporation tax matters, chargeable gains and capital allowances. Clause 18-29 were passed.

Liveblog on the second day of committee stage debate on the Finance Bill (Tuesday December 19th), with debates on new clauses relating to the effect of the Bill on equality, and the effect of the Bill on tax avoidance and evasion.

Liveblog on the first day of committee stage debate on the Finance Bill, with debates on clauses on the bank levy, SDLT for first time buyers and income tax treatment of armed forces’ accommodation allowances. 

MPs have given a second reading to the Finance Bill following a debate held on 11 December 2017. There was little explicit debate about tax matters, with more exchanges over infrastructure spending and productivity. There was hardly any mention of Making Tax Digital or online VAT abuse, for example. Many MPs used the debate to talk about issues specific to their constituencies.