Finance Bill Debates

Alan Dolton

Alan Dolton Editor of Tolley's Tax Cases summarises the House of Lords debate on the Finance Bill

The House of Lords began its discussion of the Finance Bill on Tuesday 17 July. Lord Davies of Oldham moved the Second Reading. He stated:

'… we have refocused tax incentives by bringing in a new £50 000 annual investment allowance targeted at helping all businesses to invest and grow and have increased the R&D tax credits for small and medium enterprises. Let me turn now to the important subject of managed service companies which was identified by your Lordships' committee. A regrettably large number of people have chosen to incorporate for the wrong reasons. As things stood the vast majority of people operating through an MSC were getting an unfair...

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Alan Dolton Editor of Tolley's Tax Cases summarises the House of Lords debate on the Finance Bill

The House of Lords began its discussion of the Finance Bill on Tuesday 17 July. Lord Davies of Oldham moved the Second Reading. He stated:

'… we have refocused tax incentives by bringing in a new £50 000 annual investment allowance targeted at helping all businesses to invest and grow and have increased the R&D tax credits for small and medium enterprises. Let me turn now to the important subject of managed service companies which was identified by your Lordships' committee. A regrettably large number of people have chosen to incorporate for the wrong reasons. As things stood the vast majority of people operating through an MSC were getting an unfair...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: