Tuesday 2nd December 2025
Read Hansard Text Read Debate Ministerial Extracts
(1 week, 4 days ago)
Commons ChamberRead Hansard Text Read Debate Ministerial Extracts
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That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made taking effect in a future year making provision about savings rates, including provision determining the savings rates of income tax for the tax year 2027-28.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made taking effect in a future year providing for different rates of income tax to be charged on income chargeable under Part 3 of the Income Tax (Trading and Other Income) Act 2005, including—
(a) provision determining the property rates of income tax for the tax year 2027-28, and
(b) provision for Scottish rates and Welsh rates to be charged on income chargeable under that Part.
That—
(1) the tax year 2026-27 the amount specified in section 12(3) of the Income Tax Act 2007 (the starting rate limit for savings) is “£5,000”.
(2) Accordingly, section 21 of that Act (indexation) does not apply in relation to the starting rate limit for savings for that tax year.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made for the amount specified in section 12(3) of the Income Tax Act 2007 to remain at “£5,000” for the tax years 2027-28, 2028-29, 2029-30 and 2030-31.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made for each of the following amounts to remain at their current amounts for the tax years 2028-29, 2029-30 and 2030-31—
(a) the amount specified in section 10(5) of the Income Tax Act 2007 (basic
rate limit), and
(b) the amount specified in section 35(1) of that Act (personal allowance).
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made—
(a) for corporation tax to be charged for the financial year 2027, and
(b) for the main rate of corporation tax for that year to be 25%.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made—
(a) for the standard small profits rate to be 19% for the purposes of Part 3A of the Corporation Tax Act 2010 for the financial year 2027, and
(b) for the standard marginal relief fraction to be 3/200ths for those purposes for that year.
That provision may be made—
(a) in the case of enterprise management incentives, for changing—
(i) thresholds for qualification relating to the total value of shares over which options are issued, gross assets and employee numbers, and
(ii) the period for the exercise of options, and
(b) in the case of the enterprise investment scheme and venture capital trusts, for changing thresholds for qualification relating to the amount of relevant investments and gross assets.
That provision may be made to reduce the rate of relief under Part 6 of the Income Tax Act 2007 to 20%.
That provision (including provision having retrospective effect) may be made, for the purposes of Schedules 4 and 5 to the Income Tax (Earnings and Pensions) Act 2003, about the treatment of variations of share options in cases where the shares are or become PISCES shares within the meaning of the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025.
That—
(a) (notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills) provision may be made taking effect in a future year extending the circumstances in which a car or van made available to an employee, or a member of an employee’s family or household, is a taxable benefit,
and
(b) provision may be made amending section 117 of the Income Tax (Earnings and Pensions) Act 2003 so that subsection (1) of that section does not apply where a car or van is sold or leased on arm’s length terms to an employee or a member of an employee’s family or household.
That provision (including provision having retrospective effect) may be made amending Chapter 6 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003 in relation to the CO2 emissions of certain hybrid electric cars.
That provision may be made amending Chapter 11 of Part 4 of the Income Tax (Earnings and Pensions) Act 2003 to provide exemptions from income tax in cases involving the provision of—
(a) accommodation, supplies or services intended to be used by an employee in performing employment duties,
(b) eye and eyesight tests and related special corrective appliances, and
(c) influenza vaccinations.
That provision may be made to disallow deductions from earnings under Chapter 2 of Part 5 of the Income Tax (Earnings and Pensions) Act 2003 for additional household expenses incurred in the performance of duties at home.
That provision may be made for statutory payments made by employers for cancelling, moving or curtailing a shift to be treated as earnings from employment.
That provision may be made about the extent to which general earnings are to be treated for the purposes of income tax as being in respect of duties performed in the United Kingdom in cases where the duties are not in fact performed.
That provision may be made—
(a) imposing joint and several liability to income tax on persons involved in arrangements for the use of umbrella companies to engage workers,
(b) for an individual to be treated for the purposes of income tax as holding an employment with a person in circumstances where it may appear that the person is an umbrella company and the individual is its employee, and
(c) omitting section 44(4)(b) of the Income Tax (Earnings and Pensions) Act 2003.
That provision (including provision having retrospective effect) may be made in relation to liabilities of any person in connection with loans or quasi-loans falling within Schedule 11 or 12 to the Finance (No. 2) Act 2017—
(a) authorising the Commissioners for His Majesty’s Revenue and Customs to enter into a settlement with the person but not so as to reduce the person’s liabilities by more than £70,000 (excluding for this purpose any reduction of the person’s inheritance tax liabilities), and
(b) about the inheritance tax consequences of a person entering into a settlement.
That provision may be made for reducing the percentage specified in section 56(1) of the Capital Allowances Act 2001.
That provision may be made amending the Capital Allowances Act 2001 to provide for a first-year allowance of 40% for expenditure (other than special rate expenditure) incurred on plant or machinery which is unused and not second-hand.
That provision may be made extending the periods in which expenditure must be incurred to qualify for first-year allowances under sections 45D and 45EA of the Capital Allowances Act 2001.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made for the purposes of corporation tax about—
(a) payments made for the surrender between companies of amounts of expenditure credit,
(b) the calculation of video game expenditure credit for companies that have previously claimed video games tax relief, and
(c) the special credit for visual effects under audiovisual expenditure credit.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision (including provision having retrospective effect) may be made amending section 1138A of the Corporation Tax Act 2009 so that subsection (1)(b) of that section applies only for the purposes of relief under Chapter 2 of Part 13 of that Act.
That—
(1) Section 236H of the Taxation of Chargeable Gains Act 1992 (disposals to employee-ownership trusts) is amended as follows.
(2) For subsection (2) substitute—
“(2) Where this section applies, section 17(1) (disposals and acquisitions treated as made at market value) does not apply to the disposal and, taking account of that disapplication—
(a) if a gain accrues, subsection (2A) applies, or
(b) if no gain accrues, subsection (3) applies.
(2A) Where this subsection applies—
(a) only 50% of the gain is a chargeable gain,
(b) the disposal is not to be regarded as a qualifying business disposal for the purposes of Chapter 3 of Part 5 (business asset disposal relief),
(c) the ordinary share capital disposed of is to be regarded, immediately before the disposal, as comprised wholly of excluded shares for the purposes of Chapter 5 of that Part (investors’ relief), and
(d) the acquisition by the trustees is to be treated for the purposes of this Act as made for the consideration for the disposal less an amount equal to so much of the gain as is not a chargeable gain as a result of paragraph (a).”
(3) In subsection (3), for “The”, in the first place it occurs, substitute “Where this subsection applies, the”.
(4) The amendments made by this Resolution have effect in relation to disposals made on or after 26 November 2025.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made amending sections 103K and 137 to 139 of the Taxation of Chargeable Gains Act 1992.
That provision may be made requiring relief under section 162 of the Taxation of Chargeable Gains Act 1992 to be claimed.
That—
(1) Part 4 of Schedule 1A to the Taxation of Chargeable Gains Act 1992 (anti-avoidance relating to assets deriving 75% of value from UK land) is amended as follows.
(2) For the heading of the Part substitute “Cell companies and anti-avoidance”.
(3) Before paragraph 11 insert—
“Cell companies
10A (1) In the application of this Schedule in relation to the disposal of an asset consisting of a right or an interest in a cell company, each cell of the company is to be treated as if it were an individual company.
(2) For the purposes of this paragraph—
(a) a company is a “cell company” if under the law under which the company is formed, under the company’s articles of association or other document regulating the company or under arrangements entered into by or in relation to the company—
(i) some or all of the assets of the company are available primarily, or only, to meet particular liabilities of the company, and
(ii) some or all of the members of the company, and some or all of its creditors, have rights primarily, or only, in relation to particular assets of the company;
(b) “cell”, in relation to a cell company, means an identifiable part of the company that carries on distinct business activities and to which particular assets and liabilities of the company are primarily or wholly attributable.
Anti-avoidance”.
(4) The amendments made by this Resolution have effect in relation to disposals made on or after 26 November 2025. And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made in respect of chargeable gains accruing by virtue of Schedule 5AAA to the Taxation of Chargeable Gains Act 1992—
(a) removing the requirement under section 6(6) of the Taxation (International and Other Provisions) Act 2010 to claim relief in respect of disposals with a connection to collective investment vehicles, and
(b) correcting minor errors in paragraphs 10 to 12 of Schedule 2 to Finance Act 2019.
That provision may be made repealing section 399 of the Income Tax (Trading and Other Income) Act 2005.
That provision (including provision having retrospective effect) may be made about—
(a) relief from income tax and capital gains tax on foreign income and gains of individuals who become resident in the United Kingdom for income tax purposes,
(b) the temporary repatriation facility,
(c) former users of the remittance basis,
(d) the application in relation to trusts and other similar structures of the changes to the taxation of foreign income and gains made by Schedule 12 to the Finance Act 2025, and
(e) the treatment of income of persons who are temporarily not resident in the United Kingdom for income tax purposes.
That provision (including provision having retrospective effect) may be made—
(a) amending section 8C of the Taxes Management Act 1970 and sections 1K and 62(3) of the Taxation of Chargeable Gains Act 1992 in consequence of the ending of the remittance basis, and
(b) correcting an omission in paragraph 2 of Schedule 9 to the Finance Act 2025.
That provision may be made amending sections 690 to 690E of the Income Tax (Earnings and Pensions) Act 2003.
That provision may be made replacing diverted profits tax with a new charge to corporation tax on amounts—
(a) which arise as a result of the application of corporation tax rules about transfer pricing, and
(b) which have not been taken into account in a company’s self-assessment.
That provision may be made for the purposes of income tax and corporation tax about transfer pricing.
That provision may be made—
(a) about permanent establishments for the purposes of corporation tax,
and
(b) for the purposes of income tax corresponding to provision falling within paragraph (a).
That—
(1) For the purposes of Part 3 of the Finance (No. 2) Act 2023, a tax is to be treated as a qualifying undertaxed profits tax for any accounting period that ends before the first regulations under section 257 of that Act have been made if—
(a) it is a Qualified UTPR for that accounting period for the purposes of the Pillar Two rules, or
(b) it is reasonable to conclude that it is likely to be a Qualified UTPR for that accounting period for the purposes of the Pillar Two rules.
(2) In paragraph (1) “Pillar Two rules” has the same meaning as in Part 3 of the Finance (No. 2) Act 2023 (see section 255 of that Act).
(3) This Resolution comes into force on 2 December 2025.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision (including provision having retrospective effect) may be made about multinational top-up tax and domestic top-up tax.
That—
(1) This Resolution applies if a repayment of interest (“the relevant repayment”) is, or has been at any time, made to a company in consequence of the cancellation of an interest charging notice given to the company under Schedule 7ZA to the Taxation (International and Other Provisions) Act 2010
(recovery of unlawful state aid).
(2) Interest must be paid to the company in respect of the relevant repayment.
(3) The amount of interest payable under this Resolution is the amount that would have been payable by virtue of section 826 of the Income and Corporation Taxes Act 1988 (interest on tax overpaid) in respect of the relevant repayment if, at the time of the relevant repayment—
(a) the relevant repayment had been among the repayments and payments listed in subsection (1) of that section, and
(b) the material date for the purposes of that section, in relation to the relevant repayment, had been the date on which the interest mentioned in paragraph (1) above was paid by the company.
(4) Interest payable under this Resolution must be paid—
(a) in respect of a relevant repayment made before 2 December 2025, as soon as reasonably practicable;
(b) in respect of a relevant repayment made on or after that day, at the same time as the relevant repayment.
(5) Nothing in paragraph 10(1) of Schedule 7ZA to the Taxation (International and Other Provisions) Act 2010 (Treasury duty to make regulations where Commission Decision is revoked or annulled) requires the Treasury to make any further provision in relation to the repayment of interest paid by virtue of that Schedule.
(6) References in this Resolution to Schedule 7ZA to the Taxation (International and Other Provisions) Act 2010 are to the Schedule treated as inserted in that Act by paragraph (b) of Schedule 4 to the Taxation (Post-transition Period) Act 2020.
(7) This Resolution comes into force on 2 December 2025.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made—
(a) amending Part 10 of the Income Tax Act 2007 and Part 11 of the Corporation Tax Act 2010 so as to bring within the scope of tax gifts that are made to charities by will,
(b) amending section 558 of the Income Tax Act 2007 and section 511 of the Corporation Tax Act 2010 so as to change the meaning of “approved charitable investment”, and
(c) amending the provisions in relation to tainted donations in Chapter 8 of Part 13 of the Income Tax Act 2007, Part 21C of the Corporation Tax Act 2010, and section 257A of the Taxation of Chargeable Gains Act 1992.
That provision (including provision having retrospective effect) may be made for income tax to be chargeable in respect of winter fuel payments.
That provision may be made for carried interest to be chargeable to income tax as the profits of a trade.
That provision may be made for the purposes of income tax about collective money purchase schemes and Master Trust schemes.
That provision (including provision having retrospective effect) may be made amending—
(a) Schedule 7A to the Taxation (International and Other Provisions) Act 2010 (reporting companies etc), and
(b) section 407 of that Act (amounts not brought into account in determining a company’s tax-EBITDA).
That provision may be made denying a deduction for corporation tax purposes for a loss, expense or debit that arises—
(a) in connection with a liability recognised for accounting purposes following the transfer of an asset to a securitisation company or to a person that is a party to the same capital market arrangement as such a company, and
(b) as a result of arrangements where there is a main purpose of securing a tax advantage.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made amending section 80 of the Finance Act 2013 to ensure that no payment is made under decommissioning relief agreements by reference to the energy (oil and gas) profits levy.
That provision (including provision having retrospective effect) may be made amending the Inheritance Tax Act 1984—
(a) for limiting the amount of agricultural property relief and business property relief,
(b) about the Scottish agricultural leases to which section 177(1) or (2) of the Inheritance Tax Act 1984 applies,
(c) to remove obsolete references to the Unlisted Securities Market, and
(d) providing that overseas property whose value is attributable to agricultural property in the United Kingdom is not excluded property.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made amending section 86 of the Finance Act 2021 so that the nil rate band, the residential enhancement and the taper threshold remain at their current amounts for the tax year 2030-31.
That provision (including provision having retrospective effect) may be made for the purposes of inheritance tax—
(a) limiting the application of exclusions from the charge in section 65 of the Inheritance Tax Act 1984,
(b) limiting the amount that can be charged under section 64 or 65 of that Act by reference to property that was comprised in a settlement before 30 October 2024 and was before that time excluded property,
(c) about the residence status for the purposes of that Act of individuals who are or have been subject to exemptions from inheritance tax by virtue of legislation governing international organisations, diplomacy or similar matters, and
(d) correcting minor errors arising from amendments of that Act made by the Finance Act 2025.
That provision (including provision having retrospective effect) may be made conferring inheritance tax relief in relation to payments made under an infected blood compensation scheme.
That provision may be made limiting the exemption from inheritance tax for gifts to charities or registered clubs.
That provision may be made—
(a) repealing item 14 of Group 12 in Schedule 8 to the Value Added Tax Act 1994 (zero-rate for letting of vehicles to persons in receipt of certain disability benefits),
(b) disregarding, in calculating the value of a supply for the purposes of that Act, the amount of the consideration given for the letting of vehicles so far as consisting of the payment of disability benefits paid by a public authority, and
(c) limiting the relief from insurance premium tax under paragraph 3 of Schedule 7A to the Finance Act 1994 to contracts relating to motor vehicles designed or adapted by reference to a person’s use of a wheelchair or stretcher.
That—
(1) In section 53 of the Value Added Tax Act 1994 (tour operators), after subsection (3) insert—
“(3A) But a person is not a tour operator if and so far as their business consists of making supplies of services consisting of the transport of passengers by private hire vehicle or taxi, unless those supplies are made in conjunction with, and are ancillary to, the making of supplies by the person consisting of—
(a) the provision of accommodation, or
(b) the transport of passengers by bus, coach, train, ship or aircraft.”
(2) The amendment made by this Resolution has effect in relation to supplies made on or after 2 January 2026.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made for donations to charities of goods within a specified financial limit not to be treated as supplies for the purposes of value added tax.
That provision may be made amending section 33(3)(a) of the Value Added Tax Act 1994 (refunds of VAT to local authorities and combined authorities) so that it applies to combined county authorities.
That—
(1) After section 89B of the Finance Act 1986 (stamp duty reserve tax) insert—
(1) Section 87 does not apply as regards an agreement to transfer chargeable securities in a listed company—
(a) that was first listed after the beginning of the period of 3 years ending with the relevant day, and
(b) whose shares are admitted to trading on a UK regulated
market, if none of the following exclusions apply.
(2) Exclusion A (listed company mergers) applies if the listing referred to in subsection (1)(a) was connected to arrangements by which—
(a) a listed company took control of another listed company,
(b) a company took control of two or more listed companies, or
(c) two or more listed companies merged all or substantially all of their businesses.
(3) Exclusion B (new holding company) applies if—
(a) the listing referred to in subsection (1)(a) was connected to arrangements by which the company took control of another company, and
(b) immediately before those arrangements, the other company was—
(i) listed other than by reference to depositary interests, and
(ii) controlled by the person or persons who, at the time of the listing referred to in subsection (1)(a), controlled the company.
(4) Exclusion C (change of control) applies if—
(a) during the period beginning with the listing referred to in subsection (1)(a) and ending with the relevant day, there was a change of control in the company, or
(b) the agreement to transfer forms part of arrangements changing control in the company.
(5) In subsection (1)(a), the reference to a company being first listed is a reference to—
(a) in the case of a company falling within subsection (6), the company first making a regulatory announcement to the effect that it has taken control of a company as described in subsection (6)(b), or
(b) in other cases, shares in the company being admitted to the official list at a time when no other shares of the company were included in the official list.
(6) A company falls within this subsection if—
(a) shares in the company were admitted to the official list at a time when the company’s assets consisted wholly or mainly of cash or short-dated securities, and
(b) the shares were admitted with a view to the company taking control of an unlisted company before the end of a certain period.
(7) In this section—
(a) a reference to a company being listed is a reference to shares in the company being included in the official list;
(b) a reference to shares being included in the official list is a reference to shares—
(i) being included in the official list in accordance with Part 6 of the Financial Services and Markets Act 2000 (“FSMA”) (see section 74 of that Act), or
(ii) not being included only by reason of suspension under that Part;
(c) a reference to shares being admitted to the official list has the same meaning as in that Part;
(d) a reference to shares includes a reference to depositary interests in shares.
(8) In this section—
“arrangements” includes any preliminary steps taken in connection with arrangements; “control” has the meaning given in section 1124 of the
Corporation Tax Act 2010; “depositary interest” has the meaning given in regulations made under section 119 of the Finance Act 1999 (power to exempt UK depositary interests in foreign securities); “regulatory announcement” means an announcement required by, and made in accordance with, Part 6 rules made under section 73A of FSMA; “relevant day” has the meaning given in section 87(3); “UK regulated market” has the same meaning as in Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (see Article 2(13A)).”
(2) The amendment made by this Resolution has effect only in relation to an agreement to transfer chargeable securities in a company that is first listed on or after 27 November 2025 (with “first listed” having the same meaning as in section 89C(1)(a) of the Finance Act 1986, as inserted by paragraph (1)).
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made increasing the rate of remote gaming duty.
That (notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills) provision may be made taking effect in a future year introducing a new rate of general betting duty on bets made remotely.
That provision may be made for the abolition of bingo duty.
That—
(1) Part 2 of the Finance (No. 2) Act 2023 (alcohol duty) is amended as follows.
(2) For Schedule 7 (main rates) substitute—
(3) For Schedule 8 (reduced rates for qualifying draught products) substitute—
(4) For Schedule 9 (duty discount for small producer alcoholic products)—
(5) In consequence of the amendments made by the preceding paragraphs of this Resolution, in Schedule 2 to the Travellers’ Allowances Order 1994 (which provides in certain circumstances for a simplified calculation of excise duty on goods brought into Great Britain)—
(a) in the entry relating to beer, in the second column, for “£0.91” substitute “£0.95”,
(b) in the entry relating to still wine, in the second column, for “£3.40” substitute “£3.52”,
(c) in the entry relating to sparkling wine, in the second column, for “£3.40” substitute “£3.52”,
(d) in the entry relating to cider, in the second column, for “£0.46” substitute “£0.48”,
(e) in the entry relating to sparkling cider of an alcoholic strength not exceeding 5.5% by volume, in the second column, for “£0.46” substitute “£0.48”,
(f) in the entry relating to sparkling cider of an alcoholic strength exceeding 5.5% but less than 8.5% by volume, in the second column, for “£1.80” substitute “£1.86”,
(g) in the entry relating to other fermented products, in the second column, for “£3.40” substitute “£3.52”, and
(h) in the entry relating to spirits, in the second column, for “£12.30” substitute “£12.75”.
(6) The amendments made by this Resolution come into force on 1 February 2026.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That—
(1) In Schedule 1 to the Tobacco Products Duty Act 1979 (table of rates of tobacco products duty), for the Table substitute—
(2) In consequence of the provision made by paragraph (1), in Schedule 2 to the Travellers’ Allowances Order 1994 (which provides in certain circumstances for a simplified calculation of excise duty on goods brought into Great Britain)—
(a) in the entry relating to cigarettes, for “£446.67” substitute “£471.93”,
(b) in the entry relating to hand rolling tobacco, for “£476.83” substitute “£503.80”,
(c) in the entry relating to other smoking tobacco and chewing tobacco, for “£183.49” substitute “£193.87”,
(d) in the entry relating to cigars, for “£417.33” substitute “£440.93”,
(e) in the entry relating to cigarillos, for “£417.33” substitute “£440.93”, and
(f) in the entry relating to tobacco for heating, for “£103.17” substitute “£109.01”.
(3) The amendments made by this Resolution come into force at 6pm on 26 November 2025.
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
That provision may be made increasing the rates of tobacco products duty.
That provision may be made increasing the rates of vehicle excise duty in Schedule 1 to the Vehicle Excise and Registration Act 1994.
That—
(1) In paragraph 1GE of Schedule 1 to the Vehicle Excise and Registration Act 1994 (rates for light passenger vehicles registered on or after 1 April 2017 with a price exceeding £40,000)—
(a) in sub-paragraph (1)(a), for “£40,000” substitute “the applicable amount”, and
(b) after sub-paragraph (1) insert—“(1A) For the purposes of sub-paragraph (1) “the applicable amount” is—
(a) in the case of a vehicle whose applicable CO2 emissions figure in grams per kilometre driven is zero, £50,000, and
(b) in any other case, £40,000.”
(2) The amendments made by this Resolution have effect in relation to any licence where the period for which the licence has effect begins on or after 1 April 2026 (whenever the licence is taken out).
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.
69. Rates of HGV road user levy
Resolved,
That provision may be made increasing the rates of HGV road user levy.
70. Rates of air passenger duty (future years)
Resolved,
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made taking effect in a future year increasing the rates of air passenger duty.
71. Rates of climate change levy (future years)
Resolved,
That (notwithstanding anything to the contrary in the practice of the House relating to the matters that may be included in Finance Bills) provision may be made taking effect in a future year amending the rates of climate change levy.
72. Rates of landfill tax
Resolved,
That provision may be made increasing the rates of landfill tax.
73. Rate of aggregates levy
Resolved,
That provision may be made increasing the rate of aggregates levy.
74. Aggregates levy (Scotland)
Resolved,
That provision may be made in connection with aggregates levy ceasing to be chargeable in Scotland.
75. Rate of plastic packaging tax
Resolved,
That provision may be made increasing the rate of plastic packaging tax.
76. Plastic packaging tax (chemical recycling etc)
Resolved,
That (notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills) provision may be made taking effect in a future year amending Part 2 of the Finance Act 2021—
(a) in relation to the application of that Part to plastic that has been chemically recycled, and
(b) so as to limit the types of plastic that can be reprocessed into recycled plastic for the purposes of that Part.
77. Rates of soft drinks industry levy
Resolved,
That provision may be made increasing the rates of soft drinks industry levy.
78. Import duty (customs tariff)
Resolved,
That provision may be made—
(a) about the provision that may be made under section 8 of the Taxation (Cross-border Trade) Act 2018 by virtue of section 32(7) of that Act in relation to rates of import duty, and
(b) allowing rates of import duty specified under section 8 of that Act to be applied instead of rates of import duty applying by virtue of section 9 or 10 of that Act.
79. Import duty (initiation of trade remedies investigations)
Resolved,
That provision may be made about the circumstances in which the Secretary of State may direct the Trade Remedies Authority to initiate trade remedies investigations.
80. Import duty (lesser duty rule)
Resolved,
That provision may be made about amounts and options that may be included in a recommendation relating to a final affirmative determination under Schedule 4 to the Taxation (Cross-border Trade) Act 2018.
81. Customs duty (approval of wharves)
Resolved,
That provision may be made about the imposition of conditions in connection with the approval of wharves for the purpose of facilitating the administration, collection or enforcement of any customs duty.
82. Rates of economic crime (anti-money laundering) levy
Resolved,
That provision may be made increasing the rates of economic crime (anti-money laundering) levy.
83. Annual tax on enveloped dwellings (time limits)
Resolved,
That provision (including provision having retrospective effect) may be made repealing section 106(6) of the Finance Act 2013.
84. Vaping products duty
Resolved,
That provision may be made for charging excise duty on vaping products.
85. Carbon border adjustment mechanism
Resolved,
That provision may be made for charging tax on emissions embodied in goods imported into the United Kingdom.
86. Promotion and disclosure of tax avoidance schemes etc
Resolved,
That provision may be made—
(a) for prohibiting the promotion of tax arrangements that—
(i) have no reasonable prospect of providing the anticipated tax advantage, or
(ii) are unlikely to provide the anticipated tax advantage and are likely to cause harm to taxpayers,
(b) for restricting the provision of goods or services to a person who is promoting tax arrangements in breach of—
(i) a prohibition mentioned in paragraph (a), or
(ii) section 236B of the Finance Act 2014 (stop notices),
(c) about the collection of information in connection with the promotion, disclosure or enabling of tax avoidance,
(d) about civil penalties for the non-disclosure of tax avoidance schemes, and
(e) about the publication of information about lawyers in relation to tax avoidance schemes.
87. Construction industry scheme
Resolved,
That provision may be made in relation to the construction industry scheme—
(a) about the grounds for, and consequences of, cancelling gross payment status, and
(b) imposing liability to pay amounts to His Majesty’s Revenue and Customs in cases where there is a deliberate failure to comply with obligations arising under Chapter 3 of Part 3 of the Finance Act 2004 or under PAYE regulations.
88. Tax advisers (registration, conduct and information)
Resolved,
That provision may be made—
(a) about the registration of tax advisers with His Majesty’s Revenue and Customs,
(b) amending Schedule 38 to the Finance Act 2012 in connection with the conduct of tax advisers, and
(c) about the publication of information about tax advisers by His Majesty’s Revenue and Customs.
89. Office for Budget Responsibility (fiscal mandate assessments)
Resolved,
That provision may be made amending section 4 of the Budget Responsibility and National Audit Act 2011 to reduce the number of occasions for a financial year on which the Office for Budget Responsibility must prepare an assessment of the extent to which the fiscal mandate has been, or is likely to be, achieved.
90. Provision of data by third parties
Resolved,
That (notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills) provision may be made conferring power on the Treasury to require relevant data-holders (within the meaning of Schedule 23 to the Finance Act 2011) to provide data to His Majesty’s Revenue and Customs on an ongoing basis for the purpose of assisting them with the efficient and effective discharge of their functions relating to tax (within the meaning of that Schedule).
91. Digital reporting and record-keeping
Resolved,
That provision may be made amending Schedule A1 to the Taxes Management Act 1970 and repealing Schedule 14 to the Finance (No. 2) Act 2017.
92. Electronic communications (making of directions)
Resolved,
That provision may be made for regulations under section 132 of Finance Act 1999 or section 135 of Finance Act 2002 to include provision for the making of directions.
93. Digital contact details
Resolved,
That provision may be made to require persons who use an online service provided by His Majesty’s Revenue and Customs to provide digital contact details.
94. Penalties and penalty points (expiry and cancellation etc)
Resolved,
That provision (including provision having retrospective effect) may be made—
(a) about the award, expiry and cancellation of penalty points under Schedule 24 to the Finance Act 2021 and the assessment of penalties under Schedule 24 or 26 to that Act,
(b) inserting a consequential reference to Schedule 26 to that Act in section 16(1)(f) of the Social Security Contributions and Benefits Act 1992, and
(c) for persons to be liable to penalties under Schedule 56 to the Finance Act 2009 and Schedule 26 to the Finance Act 2021 for failures to pay tax payable under section 56(3)(b) of the Taxes Management Act 1970.
95. Amounts of penalties for failure to deliver company tax returns
Resolved,
That provision may be made amending the amounts specified in paragraph 17(2) and (3) of Schedule 18 to the Finance Act 1998.
96. Advance clearances for large investment projects
Resolved,
That provision may be made for His Majesty’s Revenue and Customs to give advance clearances concerning large investment projects.
97. Information about cryptoasset users etc
Resolved,
That (notwithstanding anything to the contrary in the practice of the House relating to the matters which may be included in Finance Bills) provision may be made—
(a) requiring information to be given to His Majesty’s Revenue and Customs about cryptoasset users who are resident in the United Kingdom for tax purposes or who are not resident in the United Kingdom for tax purposes but are controlled by persons who are resident there for tax purposes, and
(b) about which matters are connected with the OECD Crypto-Asset Reporting Framework for the purposes of section 349 of the Finance (No. 2) Act 2023.
98. Future tax replacing stamp DUTY (testing of procedures for administration)
Resolved,
That provision may be made conferring power on the Treasury to test procedures that could be used for the administration of a future tax replacing stamp duty.
99. Oversight of HMRC enforcement functions in Northern Ireland
Resolved,
That provision may be made for oversight in relation to the exercise of enforcement functions of His Majesty’s Revenue and Customs in Northern Ireland.
100. Repeal of obsolete provisions and correction of wrong cross-references
Resolved,
That provision may be made—
(a) repealing section 25 of the Finance Act 1925 (which refers to the liability of Dominion Governments to taxation in respect of trading operations),
(b) omitting references in Table A in section 660 of the Income Tax (Earnings and Pensions) Act 2003 and Table B in section 677 of that Act to social security benefits that are no longer payable, and
(c) correcting cross-references in the Table in paragraph 1(4) of Schedule 24 to the Finance Act 2007 and the Table in paragraph 1 of Schedule 41 to the Finance Act 2008.
101. Incidental provision etc
Resolved,
That provision (including provision having retrospective effect) may be made which is incidental to, or consequential on or otherwise connected with, provision authorised by any other Resolution.
FINANCE (MONEY)
King’s recommendation signified
Resolved,
That, for the purposes of any Act of the present Session relating to finance, it is expedient to authorise the payment out of money provided by Parliament of—
(a) any expenditure incurred by the Commissioners for His Majesty’s Revenue and Customs which is attributable to provision made in relation to video game expenditure credit, and
(b) any expenditure incurred by virtue of the Act by the Secretary of State in connection with import duty.
Ordered,
That a Bill be brought in upon the foregoing Resolutions;
That the Chairman of Ways and Means, the Prime Minister, the Chancellor of the Exchequer, James Murray, Dan Tomlinson, Lucy Rigby and Torsten Bell bring in the Bill.
Finance (No. 2) Bill
Presentation and First Reading
Dan Tomlinson accordingly presented a Bill to make provision in connection with finance.
Bill read the First time; to be read a Second time tomorrow, and to be printed (Bill 342) with explanatory notes (Bill 342-EN).
Wes Streeting
On a point of order, Madam Deputy Speaker. I have to confess a sin. Earlier today, in the debate on the Budget, I referenced the hon. Member for Clacton (Nigel Farage) and did not notify him in advance. This was particularly egregious because I was not very nice about him. With that in mind, and out of respect for the customs and conventions of this House, I would like to apologise to the hon. Member and put this note on the record. I have, of course, written to him in similar terms.
Madam Deputy Speaker (Ms Nusrat Ghani)
I am grateful to the right hon. Member for giving me advance notice of his putting this point on the record. I am not sure that it is a sin, or whether he will be absolved of it, but it has been noted.