⏳One hour to go until our evidence session on #TaxAfterCoronavirus, with a focus on employment taxes.

We'll hear from:

@JudithFreedman
@BillDodwellTax
@dcribb
✅Andrew Titchener
@CBItweets

📺Watch it live from 9.30am here👇

parliamentlive.tv/Event/Index/22… Image
We're underway with our evidence session on #TaxAfterCoronavirus.

📺Watch it live here👇

parliamentlive.tv/Event/Index/22… ImageImageImageImage
Andrew Titchener from @CBItweets tells us that the headline rate of corporation tax is not as important to businesses as reliefs and incentives. Image
.@JudithFreedman tells us that there is no good rationale between taxing employed and self-employed people differently.

She added that resources that are spent on encouraging entrepreneurship should be better targeted and that tax is a crude way to incentivise risk-taking. Image
.@BillDodwellTax tells us that Parliament should decide who it wants to be employed and self-employed and that there should be a statutory test. Image
.@dcribb tells us that it's perverse to have the IR35 legislation coming in next year when the Government should be incentivising flexible working. Image
That's all for today - many thanks to all of our witnesses for taking part.

Tune in tomorrow at 2.30pm to watch our evidence session on the economics of lockdown and the regional economic impacts of #coronavirus.

📺You can watch it live here👇

parliamentlive.tv/Event/Index/15… Image

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More from @CommonsTreasury

16 Oct
(1/5) The three-person tax problem.

It's possible to work for the same employer and be taxed in different ways depending on whether you're:

1⃣Employed
2⃣Self-employed
3⃣A limited company

Read on to find out more👇
(2/5) These differences arise because of the different ways the tax system deals with different things.

Employees pay income tax and national insurance.
(3/5) The self-employed pay income tax and Class 4 national insurance, which is lower than an employee.
Read 5 tweets
14 Oct
⏳One hour to go until our evidence session on #decarbonisation and #GreenFinance.

We'll hear from:

✅Saker Nusseibeh @FedHermesIntl
✅Sandra Boss @blackrock
@huwevans71
@stevewaygood

📺Watch it live at 2.30pm here👇

parliamentlive.tv/Event/Index/d0… Image
We're underway with our evidence session on #decarbonisation and #GreenFinance.

📺Watch it live here👇

parliamentlive.tv/Event/Index/d0… ImageImageImageImage
.@stevewaygood from Aviva Investors told us that climate change is the world's biggest market failure. Image
Read 11 tweets
22 Sep
We're underway with our evidence session on UK customs policy.

The witnesses are:

@AnnaJerzewska
@AllieRenison
@Eliz_de_Jong
Tim Reardon (@Port_of_Dover)

📺Watch it live here👇

parliamentlive.tv/Event/Index/f1…
First up, @MelJStride asks if companies are ready for the end of the #Brexit transition period on 1 January.

@AnnaJerzewska said:

🗣️"On the whole, companies are not ready for 1 January."
.@Eliz_de_Jong from Logistics UK told us that we need double the number of customs agents than currently exist for #Brexit borders.
Read 6 tweets
15 Sep
🔜One hour to go until our evidence session on #TaxAfterCoronavirus. We'll hear from:

✅Charlotte Barbour, ICAS

✅John Cullinane,
@CIOTNews

✅Anita Monteith,
@ICAEW

📺Watch it live today at 09:30 here👇

parliamentlive.tv/Event/Index/80… Image
And we're off with our #TaxAfterCoronavirus evidence session.

📺Watch it live here👇

parliamentlive.tv/Event/Index/80… ImageImageImage
Asked by @hbaldwin whether reduced rates of tax for self-employed people are justified, Charlotte Barbour (ICAS) said that it's hard to justify why people doing similar work pay different rates of tax.

John Cullinane (@CIOTNews) added: it's "hard to justify these differences." Image
Read 5 tweets
9 Sep
The next evidence session for our inquiry into #decarbonisation of the UK economy and #GreenFinance is just about to start.

📺Watch it live here👇

parliamentlive.tv/Event/Index/0f…
And we're off!

📺Watch it live here👇

parliamentlive.tv/Event/Index/0f… ImageImageImageImage
.🗣️@emilyshuckburgh tells us that we've experienced what a global shock looks like with #coronavirus, adding that "the state of our climate, if we do not address that, is going to create a much greater global shock." Image
Read 11 tweets
2 Sep
⏰One hour to go until our evidence session with Andrew Bailey, Governor of the Bank of England, alongside members of the Financial Policy Committee and Monetary Policy Committee.

📺Watch it live at 14:30 here👇 Image
📺Here's the link to watch our evidence session with the Governor of the Bank of England live at 14:30 today:

parliamentlive.tv/Event/Index/98…
We're underway with Andrew Bailey, Governor of the Bank of England, with members of the Financial Policy Committee and Monetary Policy Committee.

📺Watch it live here👇

parliamentlive.tv/Event/Index/98… Image
Read 9 tweets

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