Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 7 May 2014.
Terms of Reference
1 Introduction
Our inquiry
Compliance with principles of tax policy
The Office for Budget Responsibility
Leaks and advance briefing
2 Macroeconomy
Prospects for growth
Business investment
Trade and global headwinds
Spending, saving and debt
The housing market
Productivity and the output gap
3 The public finances
Performance against the fiscal targets
Changes announced in the Budget
Cyclically adjusted current budget
Ring fencing
Welfare cap
4 Pension reforms and savings
Increasing pension flexibility
Past reforms
Immediate changes
Pension reforms from April 2015
The importance of choice
The responsibility of choice
Auto-enrolment
The uncertain impact of the reforms
Falling back on to the welfare state
Longevity risk
Financial innovation
The guidance guarantee
Guidance, advice and consumer protection
When should guidance be made available?
Developing the guidance guarantee and the Money Advice Service
Who should deliver the guidance guarantee?
Who will pay for the guidance guarantee?
Interaction with existing and proposed Government sponsored guidance
Principles for the 'guidance guarantee'
Impact on the wider economy
Defined benefit schemes
Changes in consumption and asset allocation
Future infrastructure investment
Relationship to other savings reforms
Pensioner bonds
5 Taxation
Principles of taxation
Retrospection and anti-avoidance
HMRC debt recovery powers
Savings rate of income tax
Annual Investment Allowance
6 Parliamentary timing
Conclusions and recommendations
Appendix 1: Chartered Institute of Taxation
Appendix 2: Institute of Chartered Accountants in England and Wales
Appendix 3: Association of Certified Chartered Accountants
Formal Minutes
Witnesses
List of additional written evidence
List of Reports from the Committee during the current Parliament
