Part of Finance Bill – in a Public Bill Committee am 4:30 pm ar 8 Mai 2007.
And third in the case of my hon. Friend the Member for Braintree. Such selfless dedication to the proper scrutiny of the nation’s tax law will not go unnoticed in high places, I am sure. The hard work of my hon. Friends is much appreciated. I, too, should like to welcome the hon. Members for Falmouth and Camborne and for Member for Dundee, East. I am sure that their contributions will be very useful.
I am pleased to see the Chief Secretary, the Financial Secretary, and the Economic Secretary in their places, and I look forward to debating the Bill with all of them. We are sorry that the Paymaster General is not able to take part in the Committee this year, but we wish her all the best in her recovery. There are many issues over which the Paymaster General and I disagree. However, after a decade of Finance Bills, I think that she deserves a year off. Anyone can deserve a year off for good behaviour. She has obviously worked extremely hard on many Finance Bills for many years. No doubt, the Chief Secretary will be an admirable stand-in for her.
We also look forward to debating with Government Back Benchers. No Committee on the Finance Bill would be complete without the hon. Member for Wolverhampton, South-West. After his contribution during the Committee of the whole House, I look forward to many amendments from him to change all references to the word “premiums” in the Bill to the more correct “premia”.
Like the Chief Secretary, I look forward to relying on briefing and technical advice from a number of outside advisers—in particular, the Chartered Institute of Taxation, the Law Society, the Institute of Chartered Accountants for England and Wales, PricewaterhouseCoopers and KPMG. My hon. Friends and I look forward to a wide-ranging debate over the next few weeks in which we will seek to remedy any defects in the Bill and promote much-needed reform of the tax system to tackle complexity and to move towards fairer, more rational and simpler taxes.