(6 days, 17 hours ago)
Lords Chamber
Lord Livermore (Lab)
That would be quite a long and exhaustive list. Right now, I am not prepared to comment on individual tax measures, speculation ahead of the Budget and the ongoing Budget process.
Going back to a previous question, my noble friend behind me asked whether the noble Lord would comment on something that he had said. It was nothing to do with the Budget. Would the noble Lord please reply?
Lord Livermore (Lab)
I was asked to comment on individual tax measures, which is something that I said I would not comment on.
(2 months, 1 week ago)
Lords Chamber
Lord Livermore (Lab)
If I may, I disagree with the premise of the noble Baroness’s question. Making Tax Digital is about increasing productivity for businesses and helping HMRC close the tax gap, which I am sure the noble Baroness would agree should be a priority. There are clear benefits of Making Tax Digital, such as productivity gains to improve business operations, easier and faster tax returns by promoting digital record-keeping, and greater accuracy by reducing errors for tracking paper records. There is a substantial tax gap, and Making Tax Digital will reduce that by nearly £6 billion—some £4 billion for VAT and £1.95 billion for income tax. By doing that, and enabling HMRC to have the correct resources, it is able to direct resources where they are most needed, which addresses the point the noble Baroness was making.
(1 year, 1 month ago)
Lords ChamberAs the noble Lord has spoken to the amendment, the Government may reply if they so wish.