MPs debated committee stage of Finance Bill 2021, with debate on family finances, corporation tax and freeports. All clauses were retained. Government amendments relating to freeports were passed but no opposition amendments or new clauses were passed.

This page bring together briefing notes and representations from the CIOT, our Low Incomes Tax Reform Group and our sister body, the Association of Taxation Technicians, produced for committee stage of Finance Bill 2021, which begins on Monday 19 April. 

Richard Wild, Head of Tax Technical at the Chartered Institute of Taxation, assesses the annoucement of an extension to Self-Employment Income Support Scheme

Peers were divided in their post-Budget debate on whether increasing corporation tax to 25 per cent was sensible or would be counter-productive. A number of opposition peers thought the Government’s tax changes insufficiently progressive and argued that wealth, inheritance and capital gains should be taxed more heavily.