Greenhouse Gas Emissions: Tax Strategy

Lord Holmes of Richmond Excerpts

Tuesday 6th July 2021 Lords Chamber

[Lord Holmes of Richmond (Con)]

My Lords, does my noble friend agree that, be it net zero or other overriding objectives, we will be best served by a digital tax system which is inclusive, underpinned through distributed digital ID, and not only revenue generating but fundamentally changing for the better the very social contract within which we all operate?

[Baroness Penn (Con)]

I absolutely agree with my noble friend’s point. That is why, last July, the Government published their 10-year vision for delivering an effective and modern tax system—the tax administration strategy. If any noble Lords want to read that exciting document, it is on GOV.UK. The strategy includes an extension to making tax digital, intended as the first phase of a modern, digital tax service.