MPs denied vote to amend Finance Bill to ‘curb or kill’ umbrella companies

MPs were denied the opportunity to vote for amendments to the incoming Finance Bill to ‘curb or kill’ umbrella companies, prompting industry watchers to double down on calls for regulation

MPs were expected to vote on two amendments to the Finance Bill ahead of its third reading in the House of Commons on Monday 24 May 2021.

The amendments called for Chancellor Rishi Sunak to conduct an impact review of Clause 21 in the Finance Bill, which concerns workers that provide services through intermediaries, to examine how this clause affects levels of tax avoidance.

The amendments were not selected among many others put forward by MPs for inclusion in the Finance Bill 2019-21.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | King’s Speech outlines closer trade ties with EU, less red tape

Business | Warning on tax adviser regulation by the backdoor

Tax | Farmers given £2.5m allowance for inheritance tax in u-turn

Finance | Top tips: revenue recognition accounting changes to FRS 102

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily