Committees

Draft Finance Bill 2022-23

Inquiry

The Finance Bill Sub-Committee is appointed annually by the Economic Affairs Committee to consider the draft Finance Bill from a tax administration, clarification, and simplification point of view.

The Research and Development (R&D) Tax Relief reforms, published by the Government in the draft Finance Bill 2022-23, aims to incentivise business investment, extend the scope of qualifying expenditures to include the costs of datasets and cloud computing, and increase R&D activity in the UK.

The Sub-Committee is seeking to understand how the provisions in the tax measure will impact companies claiming R&D relief and is particularly interested in hearing about the experiences of SMEs.

This inquiry is no longer accepting evidence

The deadline for submissions was Wednesday 2 November 2022.

Upcoming events

View all events

No upcoming events scheduled

Past events

Monday 9 January 2023
4:00pm Private
Private meeting 9 January 2023
Room 4, Palace of Westminster
Monday 21 November 2022
4:00pm Public
Draft Finance Bill 2022-23 - Oral evidence 21 November 2022
4:00pm
  • Victoria Atkins MP (Financial Secretary at HM Treasury)
  • Nicole Newbury (Director, Wealthy and Mid-sized Business Compliance at HMRC)
  • Matthew Henty (Deputy Director, Enterprise and Property Tax at HM Treasury)
  • Tessa Robins (Deputy Director, CT Innovation & Growth, Business, Assets & International at HMRC)
Room 4A, Palace of Westminster
Monday 14 November 2022
4:00pm Public
Draft Finance Bill 2022-23 - Oral evidence 14 November 2022
4:00pm
  • Neil Ross (Associate Director at techUK)
  • Colin Hailey (Chair of Finance and Tax Advisory Committee at Bioindustry Association)
  • Joe Marshall (CEO at National Centre for Universities and Business)
4:45pm
  • Mrs Jenny Tragner (Director and Head of Policy at ForrestBrown Limited)
  • Mr Nigel Holmes (Director of Tax at Catax)
Room 4, Palace of Westminster
Monday 7 November 2022
4:00pm Public
Draft Finance Bill 2022-23 - Oral evidence 7 November 2022
4:00pm
  • Alice Jeffries (Head of Tax Policy at Confederation of British Industry (CBI))
  • Kitty Ussher (Chief Economist at Institute of Directors)
  • Chris McDonald (Chief Executive Officer at Materials Processing Institute, and Policy Chair for Innovation and Enterprise at Federation of Small Businesses (FSB))
Room 4, Palace of Westminster

Contact us

  • Email: financebill@parliament.uk
  • Phone: 020 7219 6225 (committee staff) | 020 7219 6640 (Press Officer)
  • Address: Economic Affairs Finance Bill Sub-Committee, House of Lords, London SW1A 0PW