The Public Bill Committee completed its consideration of the Finance Bill on 9 June:
The Public Bill Committee resumed its consideration of the Finance Bill on 7 June.
HM Treasury is recruiting a permanent Chairman and Tax Director for the Office of Tax Simplification. Michael Jack and John Whiting were appointed to lead the OTS on a temporary basis when it was established last year.
HMRC have published draft, updated guidance, together with minutes of the 4 April meeting of the Research & Development Consultative Committee.
The Public Bill Committee on the Finance Bill will meet again on 7 June, when it is expected to consider clause 46 and Sch 11 (pre-entry losses).
HMRC have invited comments by 31 August 2011 on:
The government is seeking views on the impact on individuals and businesses of removing 36 tax reliefs.
The Public Bill Committee agreed government amendments to Schedule 8 (reduction in childcare relief for higher earners) and Schedule 10 (company ceasing to be a member of a group) on 24 May.
The following provisions were passed without amendment:
Tax specialists are divided over how the coalition government’s tax policies compare to those of its predecessor, a recent Tax Journal survey suggests.
The Public Bill Committee agreed several government amendments to Schedule 2 (employment income provided by third parties) on 19 May.
Clause 31 (company ceasing to be member of group: availability of relief) and Schedule 7 (investment companies) were also amended.