Finance Bill 2020-21

 


The House of Lords Economic Affairs Committee’s Finance Bill Sub-Committee has questioned representatives of HMRC, the IFS Tax Law Review Committee and TaxWatch, and a tax tribunal judge, as part of its inquiry into new HMRC powers contained in Draft Finance Bill 2020-21.

The House of Lords Economic Affairs Committee’s Finance Bill Sub-Committee held an inquiry into proposals for new tax checks on licence renewal applications. Witnesses were from the Institute of Licensing, National Association of Licensing and Enforcement Officers, British Metals Recycling Association, Licensed Taxi Drivers Association and Licensed Private Hire Car Association.

The House of Lords Economic Affairs Committee’s Finance Bill Sub-Committee is looking at Draft Finance Bill 2020-21, focusing on three areas of the Bill, all related to the powers of HMRC:

  • New proposals for tackling promoters and enablers of tax avoidance schemes;
  • New tax checks on licence renewal applications; and
  • Amendments to HMRC’s civil information powers.