Clause 45 - Application of corporation tax provisions and management of RPDT

Part of Finance (No. 2) Bill – in a Public Bill Committee at 4:30 pm on 5 January 2022.

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Photo of Lucy Frazer Lucy Frazer The Financial Secretary to the Treasury 4:30, 5 January 2022

I assure the hon. Gentleman, as I assured the hon. Member for Glasgow Central some moments ago, that HMRC will be ready to bring in the tax that we are legislating for. As he will know, we have just gone through a spending review. HMRC will have sufficient funds to ensure that it can comply with its duties and obligations.