Political update: December 2024

CIOT wrote to the new chair of the House of Commons Treasury Committee ahead of the committee’s evidence session with the Chancellor on 6 November setting out the Institute’s views on measures in the Budget, and offering support for the committee’s work over the Parliament on tax matters.

CIOT and ATT have written to the newly appointed Conservative Shadow Chancellor Mel Stride and Shadow Exchequer Secretary James Wild, as well as the new Lib Dem Treasury spokesperson Daisy Cooper, congratulating them on their appointments and looking forward to working with them, including on the current Finance Bill. The two bodies provide briefing notes to opposition Treasury teams and other MPs scrutinising tax legislation, and oral briefings where requested, in support of our public benefit objectives.

The Finance Secretary of the Welsh government Mark Drakeford was the guest speaker at ATT and CIOT’s networking lunch in Cardiff on 14 November. We’ll have a report on that event in the next Tax Adviser. We are delighted to say that James Murray, Exchequer Secretary, will be among the illustrious speakers at CIOT and ICAEW’s conference in March to mark 20 years since the formation of HMRC.