Finance Bill 2025 received its Second Reading in the House of Commons on 27 November (meaning it passes to the Committee stages).
A Committee of the Whole House (i.e. the House of Commons) will debate the following provisions on 10 and 11 December 2024:
Clauses 7 to 12 and Schs 1 and 2 (CGT rates and reliefs);
Clauses 15 to 18 and Sch 3 (oil and gas);
Clauses 47 to 49 (VAT on private school fees); and
Clauses 50 to 53 (stamp duty land tax)
Remaining provisions will as usual be put before a Public Bill Committee which according to the Government’s Finance Bill programme motion will conclude its work by 4 February 2025 at the latest.
The Government had also scheduled Second Reading of the NICs (Secondary Class 1 Contributions) Bill for 3 December 2024.
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Finance Bill 2025 received its Second Reading in the House of Commons on 27 November (meaning it passes to the Committee stages).
A Committee of the Whole House (i.e. the House of Commons) will debate the following provisions on 10 and 11 December 2024:
Clauses 7 to 12 and Schs 1 and 2 (CGT rates and reliefs);
Clauses 15 to 18 and Sch 3 (oil and gas);
Clauses 47 to 49 (VAT on private school fees); and
Clauses 50 to 53 (stamp duty land tax)
Remaining provisions will as usual be put before a Public Bill Committee which according to the Government’s Finance Bill programme motion will conclude its work by 4 February 2025 at the latest.
The Government had also scheduled Second Reading of the NICs (Secondary Class 1 Contributions) Bill for 3 December 2024.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
