Finance (No. 2) Bill (Sixth sitting)
This is all pretty uncontroversial, but there is one concern with clause 246, which states that the commencement date will be May this year. Although they have pushed this back by a month, are the Government not concerned that this is an insufficient length of time for tax advisers to register? From representations we have had from the industry, they are very concerned that the timeframe is too short. Indeed, is HMRC fully equipped to take on this extra workload? I expect that the Minister will say that advisers can do it all online, but I am slightly worried that things like that do not always work. There is a real concern in the advice industry of the widespread unintended effect that may come out of these measures. It is important that we get this right and that people have time to prepare. Would the Minister take that on board and have a think about how we can make sure that the process is efficient and works well?