Strategic oversight of taxation as a whole, including overall responsibility for the Finance Bill, closer working between Inland Revenue and Customs & Excise (including with other departments), and European and international tax issues;
Departmental Minister for Inland Revenue and the Valuation Office;
Personal taxation (except company car tax, savings and pensions), national insurance contributions and tax credits;
Direct business taxation and tax aspects of the enterprise agenda, including: corporation tax, North Sea taxation, share schemes, small firms and venture capital;
Capital Gains Tax;
Inheritance Tax;
Treasury interest in childcare issues;
Regulatory Reform Minister for the Chancellor’s departments; and
Banking, financial services and insurance, and the Financial Services Authority;
Support to the Chief Secretary in his strategic oversight of banking, financial services and insurance;
Financial services tax issues, including ISAs, taxation of savings, Stamp Duty, Insurance Premium Tax and pensions;
Foreign exchange reserves and debt management policy;
Support to the Chancellor on EU issues;
EMU business preparations;
Economic reform in Europe;
Responsibility for National Savings, the Debt Management Office, Office for National Statistics, Royal Mint and the Government Actuary’s Department;
Personal savings policy;
Support to the Chief Secretary on public spending issues (including Parliamentary financial business, Public Accounts Committee, National Audit Office and general accountancy issues);
Support to the Paymaster General on the Finance Bill; and