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The opening session of this year’s Finance Bill public bill committee began with the chair Siobhain McDonagh stating the usual pleasantries but also a new one: ‘Members will understand that we need to respect social distancing guidance. I shall intervene if necessary to remind everyone.’
This was a sad reminder of the extraordinary circumstances in which the UK and much of the rest of the world currently find ourselves.
However irrespective of the pandemic the bill must be debated and MPs began with the first four clauses covering income tax rates.
In his introductory speech the financial secretary to the Treasury Jesse Norman reminded the committee that income tax was ‘one of the most important streams of revenue for the government raising more than £190bn in 2018-19’.
After thanking Treasury officials for their hard work responding...
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