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The final four sittings of the Public Bill Committee’s debates on the Finance Bill are reviewed by ALLISON PLAGER
KEY POINTS
- Approved alternations and self-storage.
- Channel Islands and low-value goods.
- Nil-rate band increase.
- Charitable bequests.
- Stamp duty land tax avoidance.
It is true that most of this year’s previous Finance Bill debates by the Public Bill Committee have been dull meandering and purposeless but the 15th sitting brought a subject that the committee members could properly get to grips with.
The topic was VAT and the reason why this brought more interesting debate was because the Budget measures to address the so-called VAT anomalies came as a surprise probably to everyone except the Treasury.
At last here was something that the MPs could rip apart and enjoy albeit only for a limited period.
Anomalies
The proceedings started with clause 195 and Sch 26 the...
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