A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 08 November 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:

Excise Duties

The Council will be invited to agree the: Directive on general...

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 08 November 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:

Excise Duties

The Council will be invited to agree the: Directive on general...

My right honourable friend the Chancellor of the Exchequer (Sajid Javid) has today made the following Written Ministerial Statement.

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 08 November 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM...

My right honourable friend the Chancellor of the Exchequer (Sajid Javid) has today made the following Written Ministerial Statement.

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 08 November 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM...

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment her Department has made of the effect of changes to rate of VAT for solar energy on trends in the level of uptake of (a) photovoltaic and (b) battery storage.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment her Department has made of the effect of changes to rate of VAT for solar energy on trends in the level of uptake of (a) photovoltaic and (b) battery storage.

rose —

rose —

Is the Minister on his feet?

Is the Minister on his feet?

He is going for a drink.

He is going for a drink.

I thank the hon. Gentleman for bringing this matter forward. It is a very important initiative. It is just a pity that it is coming at this time, given where we are. Does he understand that these systems, which create a digital border in Northern Ireland and, indeed, in the...

I thank the hon. Gentleman for bringing this matter forward. It is a very important initiative. It is just a pity that it is coming at this time, given where we are. Does he understand that these systems, which create a digital border in Northern Ireland and, indeed, in the...

I thank my hon. Friend for his intervention. He is quite right. There is a number of those accounting systems, but there is also a number of other systems and structures in place in Northern Ireland. I have to be honest about this. Although I have engaged with some of...

I thank my hon. Friend for his intervention. He is quite right. There is a number of those accounting systems, but there is also a number of other systems and structures in place in Northern Ireland. I have to be honest about this. Although I have engaged with some of...

I thank my good friend for allowing me to intervene on him. Let me follow up on the point from the hon. Member for Strangford (Jim Shannon). Presumably, this digital accounting system will not just be routed into HMRC for tax purposes, but could quite easily be pushed sideways to...

I thank my good friend for allowing me to intervene on him. Let me follow up on the point from the hon. Member for Strangford (Jim Shannon). Presumably, this digital accounting system will not just be routed into HMRC for tax purposes, but could quite easily be pushed sideways to...

My hon. Friend is almost making me skip over certain parts of my speech, so I appreciate his intervention. He is quite right. One of the key systems that is currently used is the VAT information exchange system. Under the current withdrawal agreement proposals, it will still be open to...

My hon. Friend is almost making me skip over certain parts of my speech, so I appreciate his intervention. He is quite right. One of the key systems that is currently used is the VAT information exchange system. Under the current withdrawal agreement proposals, it will still be open to...

As a result, I found that we were not able to get the level of transparency and speed of information when we were working right across China—certainly in a multinational company with lots of subsidiaries—as quickly as one would hope in the 21st century, although I know that China is...

As a result, I found that we were not able to get the level of transparency and speed of information when we were working right across China—certainly in a multinational company with lots of subsidiaries—as quickly as one would hope in the 21st century, although I know that China is...

I have to say that this is the most passionate speech on accountancy I have ever heard. I am slightly amused by, or in awe of, the idea that accountancy can save the world. To underline my hon. Friend’s point, technology removes operational burdens from business and boosts productivity. Is...

I have to say that this is the most passionate speech on accountancy I have ever heard. I am slightly amused by, or in awe of, the idea that accountancy can save the world. To underline my hon. Friend’s point, technology removes operational burdens from business and boosts productivity. Is...

My hon. Friend makes a very good point. The Minister will be well versed in some of the reports and debates on Making Tax Digital. A lot of these barriers were articulated at that time. One key area will be costs. Sometimes the cost of pieces of accounting software is...

My hon. Friend makes a very good point. The Minister will be well versed in some of the reports and debates on Making Tax Digital. A lot of these barriers were articulated at that time. One key area will be costs. Sometimes the cost of pieces of accounting software is...

In the nicest way, I think that my hon. Friend is such a know-all on this subject that he has just talked himself into becoming a junior or even a middle-ranking Brexit Minister after the election.

In the nicest way, I think that my hon. Friend is such a know-all on this subject that he has just talked himself into becoming a junior or even a middle-ranking Brexit Minister after the election.

I thank my hon. Friend for that intervention—I think. As my record will show, I am very much in favour of more international co-operation, and I hope that we will be doing that when we come back.

Accounting systems can really help with cross-border trade, from small companies to large multinationals....

I thank my hon. Friend for that intervention—I think. As my record will show, I am very much in favour of more international co-operation, and I hope that we will be doing that when we come back.

Accounting systems can really help with cross-border trade, from small companies to large multinationals....

I congratulate my hon. Friend the Member for Ochil and South Perthshire (Luke Graham) on securing the debate. We came to a bit of a joint decision that it should happen around the time of the withdrawal agreement, because much of the debate on that has been about how borders...

I congratulate my hon. Friend the Member for Ochil and South Perthshire (Luke Graham) on securing the debate. We came to a bit of a joint decision that it should happen around the time of the withdrawal agreement, because much of the debate on that has been about how borders...

What does my hon. Friend say to people like me who are gravely concerned about the degree of complexity in these accounting systems, which makes any kind of audit trail really difficult? The big four audit companies have such a poor record in auditing these accounting systems. What does he...

What does my hon. Friend say to people like me who are gravely concerned about the degree of complexity in these accounting systems, which makes any kind of audit trail really difficult? The big four audit companies have such a poor record in auditing these accounting systems. What does he...

I would go against that. I think my hon. Friend will find that the digital trail is more likely to be there than the old paper trail. It is rather like my hon. Friend’s tweet from 10 years ago: it is still there, and it will be with him for...

I would go against that. I think my hon. Friend will find that the digital trail is more likely to be there than the old paper trail. It is rather like my hon. Friend’s tweet from 10 years ago: it is still there, and it will be with him for...

My hon. Friend is making a very strong point about taxation returns and the problems in Northern Ireland. Does he agree with me that some of the simplest solutions can be the best? Some of the best tax regimes are in places such as Hong Kong where there are flat...

My hon. Friend is making a very strong point about taxation returns and the problems in Northern Ireland. Does he agree with me that some of the simplest solutions can be the best? Some of the best tax regimes are in places such as Hong Kong where there are flat...

That is a topic for a wider debate, which I have often considered. The UK tax code does not have 17,000 pages; it has been rather well expanded to 22,000 pages. When we compare that with the tax code of Hong Kong, which runs to 350 pages, we can see...

That is a topic for a wider debate, which I have often considered. The UK tax code does not have 17,000 pages; it has been rather well expanded to 22,000 pages. When we compare that with the tax code of Hong Kong, which runs to 350 pages, we can see...