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Finance Bill - Various clauses supporting British business and simplifying tax system

13 December 2023

Lead MP

Nigel Huddleston

Debate Type

Bill Debate

Tags

EconomyTaxationBusiness & Trade
Other Contributors: 17

At a Glance

Nigel Huddleston raised concerns about finance bill - various clauses supporting british business and simplifying tax system in the House of Commons. Other MPs contributed to the debate.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The Finance Bill supports British businesses by incentivising investment, cutting taxes, improving the tax system's efficiency and fairness, and backing innovative growth. The Bill includes measures such as permanent full expensing for business investments, merging R&D expenditure credit schemes to simplify support for SMEs, extending sunset clauses for enterprise investment and venture capital trusts, and reforming creative industry tax reliefs. It also aims at removing barriers to employment and simplifying the tax system by expanding the cash basis for small traders.
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About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.