Making Tax Digital measures in the current finance bill should be among those postponed to make way for the general election on June 8, tax experts told a House of Commons Treasury Committee hearing that began minutes after Prime Minister Theresa May’s surprise snap election announcement on April 18.
Treasury Committee Chair Andrew Tyrie observed that “when an election is called, large sections of the budget are excised in hurried negotiations between the [government and opposition] front benches and a concertinaed finance bill is pushed through on an agreed basis, in order to ensure that the public finances are not put at risk.”
Later on April 18, Financial Secretary to the Treasury Jane Ellison introduced the second reading of the finance bill. She told members of Parliament that she expected to have “constructive discussions” with opposition parties on how the bill will proceed. Read more:
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