“(1) The Chancellor of the Exchequer must review the impact of sections 117 to 121 and Schedules 29 to 32 of this Act and lay a report of that review before the House of Commons within six months of the passing of this Act, and then annually for five further years.
(2) A review under this section must estimate the expected impact of sections 117 to 121 and Schedules 29 to 32 on—
(a) levels of tax avoidance,
(b) levels of tax evasion, and
(c) reducing the tax gap in each tax year from 2021-22 to 2025-26.”—(James Murray.)
This new clause would require the Government to review the impact of the provisions relating to tax avoidance and publish regular reports setting out their findings.
Brought up, and read the First time.
Question put, That the clause be read a Second time.