Evidence on HMRC powers to be given to Lords Finance Bill Sub-Committee
On Wednesday 21 October 2020 two panels of witnesses are due to give evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee inquiry on the draft Finance Bill 2021.
These public evidence sessions should involve remote participation by witnesses and Committee members. The session should be streamed live on Parliament TV.
The first session is due to begin at 4pm, with evidence due to be given by:
- Tom Henderson, Technical Officer, Low Incomes Tax Reform Group (LITRG)
- Jason Piper, Head of Tax and Business Law, Association of Chartered Certified Accountants (ACCA)
- Will Silsby, Technical Officer, Association of Taxation Technicians (ATT).
The second session is due to begin at approximately 5:15pm, with evidence due to be given by:
- Sarah Wulff-Cochrane, Principal, Taxation Policy, UK Finance
- Joanne Green, Tax Accountant, Building Societies Association (BSA).
Meeting details
At 4:00pm: Oral evidence
Inquiry
Draft Finance Bill 2021
Technical Officer at Low Incomes Tax Reform Group (LITRG)
Head of Tax and Business Law at Association of Chartered Certified Accountants
Technical Officer at Association of Taxation Technicians (ATT)
At 5:15pm: Oral evidence
Inquiry
Draft Finance Bill 2021
Principal of Taxation Policy at UK Finance
Tax Accountant at Building Societies Association
Topics expected to be covered
- The likely effectiveness of tax checks for licence renewals in tackling non-compliance.
- If there is enough clarity about the form tax checks will take and the timetable for them.
- How well these changes have been communicated to licence holders.
- Whether HMRC’s strategy for combating promoters of tax schemes is the right one.
- The justification for removing the requirement for HMRC to obtain tax tribunal approval before seeking third party information from financial institutions