The Economic Affairs Committee agreed on Tuesday 4 September to re-establish the Finance Bill Sub-Committee for 2018. The Sub-Committee, which is chaired by Lord Forsyth of Drumlean and met for the first time on Wednesday the 5 September, will gather evidence on the draft Finance Bill 2018 and produce a report in advance of the Budget.
The Sub-Committee is appointed annually by the Economic Affairs Committee to consider the draft Finance Bill (though it does not always choose to conduct an inquiry). The Sub-Committee focuses on issues of tax administration, clarification and simplification rather than on rates or incidence of tax.
The membership of the Sub-Committee is as follows:
- Lord Forsyth of Drumlean (Chairman)
- Baroness Drake
- Viscount Hanworth
- Lord Hollick
- Baroness Kramer
- Lord Lee of Trafford
- Lord Leigh of Hurley
- Baroness Noakes
- Lord Turnbull