HMRC and Treasury officials questioned on Finance Bill

• Parliament TV: Inquiry into the draft Finance Bill 2014
• Inquiry: The draft Finance Bill 2014
• Economic Affairs Finance Bill Sub-Committee

Witnesses

Monday 10 February 2014, Committee Room 4a, Palace of Westminster

At 3.35pm:

• Judith Knott, Director, Corporate Tax, International and Stamps, HMRC
• Ian Quelch, Deputy Director, Business Customer and Strategy, HMRC
• Cerys Morgan, Deputy Director, Personal Tax, HM Treasury

Topics

Areas the Sub-Committee will cover with the witnesses include:

• Why the 2000 LLP Act failed to align the tax treatment of LLPs with that of general partnerships
• When HMRC became aware that the presumption of self-employment in the Act was being exploited and why it has not acted until now
• How will the Government respond to LLPs who review their partnership agreements to comply with provisions in the draft Finance Bill
• Whether the witnesses would accept that prior to the consultation undertaken in May 2013 the Government had a very limited understanding of how partnerships are structured, particularly in the City
• What progress their departments have made in improving their mechanisms to consult small business and non-business interests on tax changes

Further information

• About Parliament: Select Committees
• Visiting Parliament: Watch Committees