This Lords select sub-committee examines the Finance Bill and related tax legislation, focusing on provisions that affect individuals, businesses and trusts. The Finance Bill Sub-Committee operates within the House of Lords and takes oral evidence from government officials, tax practitioners, and policy experts to scrutinise proposed changes. Members conduct detailed inquiries into specific tax measures before they become law. Recent sessions have concentrated on inheritance tax reform, particularly the government's changes to agricultural property relief and business property relief affecting family farms and smaller enterprises. The sub-committee has also examined the interaction between inheritance tax and pension taxation, exploring how planned reliefs will operate under different scheme structures and personal representatives' responsibilities. A further inquiry addressed disclosure of tax avoidance schemes regulations and offences in tax advising, reflecting broader parliamentary concern with tax compliance and professional standards.
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