New Clause 29: Finance (No. 2) Bill
New Clause 29 - Review of tax avoidance measures
“(1) The Chancellor of the Exchequer must review the impact of sections 117 to 121 and Schedules 29 to 32 of this Act and lay a report of that review before the House of Commons within six months of the passing of this Act, and then annually for five further years.
(2) A review under this section must estimate the expected impact of sections 117 to 121 and Schedules 29 to 32 on—
(a) levels of tax avoidance,
(b) levels of tax evasion, and
(c) reducing the tax gap in each tax year from 2021-22 to 2025-26.”—(James Murray.)