Select Committee · Finance Bill Sub-Committee

Draft Finance Bill 2022-23

Status: Closed Opened: 11 Oct 2022 Closed: 13 Apr 2023 1 report

Inquiry scope

The Finance Bill Sub-Committee is appointed annually by the Economic Affairs Committee to consider the draft Finance Bill from a tax administration, clarification, and simplification point of view. The Research and Development (R&D) Tax Relief reforms, published by the Government in the draft Finance Bill 2022-23, aims to incentivise business investment, extend the scope of qualifying expenditures to include the costs of datasets and cloud computing, and increase R&D activity in the UK. The Sub-Committee is seeking to understand how the provisions in the tax measure will impact companies claiming R&D relief and is particularly interested in hearing about the experiences of SMEs.

Reports

1 report

3rd Report - Research and development tax relief and expenditure credit

HC No.: —
Published: 31 Jan 2023
Items: 0
Response: Response document linked Read government response ↗

Oral evidence sessions

4 sessions

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Date	Session and witnesses	Source
21 Nov 2022	Finance Bill Sub-Committee oral evidence session Matthew Henty · HM Treasury, Nicole Newbury · HMRC, Tessa Robins · HMRC, Victoria Atkins MP · HM Treasury	View ↗
14 Nov 2022	Finance Bill Sub-Committee oral evidence session Colin Hailey · Bioindustry Association, Joe Marshall · National Centre for Universities and Business, Mr Nigel Holmes · Catax, Mrs Jenny Tragner · ForrestBrown Limited, Neil Ross · techUK	View ↗
7 Nov 2022	Finance Bill Sub-Committee oral evidence session Alice Jeffries · Confederation of British Industry (CBI), Chris McDonald · Materials Processing Institute, Kitty Ussher · Institute of Directors	View ↗
31 Oct 2022	Finance Bill Sub-Committee oral evidence session 1; Finance Bill Sub-Committee oral evidence session 2 Adam Harper · AAT (Association of Accounting Technicians), Charlotte Barbour · Institute of Chartered Accountants in Scotland, David O'Keeffe · Chartered Institute of Taxation (CIOT), Dr Emma Rawson · Association of Taxation Technicians (ATT), Jason Piper · The Association of Chartered Certified Accountants (ACCA), Mr Richard Jones · ICAEW (Institute of chartered accountants England and Wales)	View ↗

Who gave evidence

18 witnesses

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Witness	Organisation	Sessions
Adam Harper · Director of Professional Standards and Policy	AAT (Association of Accounting Technicians)	1
Alice Jeffries · Tax Policy Manager	Confederation of British Industry (CBI)	1
Charlotte Barbour · Director of Taxation	Institute of Chartered Accountants in Scotland	1
Chris McDonald · Chief Executive Officer	Materials Processing Institute	1
Colin Hailey · Chair of Finance and Tax Advisory Committee	Bioindustry Association	1
David O'Keeffe · R&D specialist and member of Corporate Taxes Committee	Chartered Institute of Taxation (CIOT)	1
Dr Emma Rawson · Technical Officer	Association of Taxation Technicians (ATT)	1
Jason Piper · Policy Lead, Business and Tax Law	The Association of Chartered Certified Accountants (ACCA)	1
Joe Marshall · CEO	National Centre for Universities and Business	1
Kitty Ussher · Chief Economist	Institute of Directors	1
Matthew Henty · Deputy Director, Enterprise and Property Tax	HM Treasury	1
Mr Nigel Holmes · Director of Tax	Catax	1
Mr Richard Jones · Senior Technical Manager, Tax Policy	ICAEW (Institute of chartered accountants England and Wales)	1
Mrs Jenny Tragner · Director and Head of Policy	ForrestBrown Limited	1
Neil Ross · Associate Director for Policy	techUK	1
Nicole Newbury · Director for Large Business Compliance	HMRC	1
Tessa Robins · Deputy Director, CT Innovation & Growth, Business, Assets & International	HMRC	1
Victoria Atkins MP · Financial Secretary	HM Treasury	1

Correspondence

4 letters

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Published	Direction	Letter
13 Apr 2023	To committee	Letter from Victoria Atkins to Chair of the Finance Bill Sub-Committee: Government response to the Research and Development Tax Relief and Expenditure Credit report
16 Dec 2022	To committee	Letter from Peter Downing, Deputy Director for Employment Status and Intermediaries Policy, HM Revenue and Customs to Lord Leigh of Hurley, Chair of the Economic Affairs Finance Bill Sub-Committee
1 Dec 2022	To committee	Letter from Thomas Brown, Senior Policy Adviser, Business, Assets and International, HM Revenue and Customs to Lord Leigh of Hurley, Chair of the Economic Affairs Finance Bill Sub-Committee
11 Nov 2022	To committee	Letter from Lord Leigh of Hurley, Chair of the Economic Affairs Finance Bill Sub-Committee to Victoria Atkins MP, Financial Secretary to the Treasury

Meetings & visits

1 item

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Date	Type	Detail	Source
9 Jan 2023	Formal meeting (private meeting)	Formal meeting (private meeting) · Room 4, Palace of Westminster