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Finance Bill

I shall refer again to John Whiting of PricewaterhouseCoopers, who has highlighted this point. In his evidence to the Committee, he said that HMRC had come a long way in terms of its engagement with business. This is still a live issue, however, because I am not sure whether HMRC is aware of the potential problem. It is that lack of awareness that I am trying to point out to the Minister. This applies to anyone whose foreign income could be affected, such as anyone with overseas savings of about £40,000, as the interest on that would be more than £2,000, which is the de minimis level. Equally, the measure could affect anyone renting out a property abroad or who has a summer job abroad. I want HMRC to look at this, because I have enough on my plate as Chairman of the Treasury Select Committee with all the inquiries that we carry out. I do not want to have to carry out an inquiry into this matter in a year's time, so will the Minister help me out by solving this before it becomes a bigger problem? I am willing to work with my colleagues in the Government on the withdrawal of the 10p tax rate in relation to low-income workers so that we can identify and compensate them, and so that we are not seen to penalise them unnecessarily. With that, I shall finish my short speech.