Finance Bill amended, but further changes expected

The Public Bill Committee was scheduled to begin its scrutiny of Finance Bill 2025 on Tuesday 28 January 2025 considering a raft of Government amendments which had been put forward in two batches. The first tranche issued on 19 December 2024 covered Schedule 4 (Pillar Two) and also added a clause on vehicle excise duty which had unintentionally been omitted from the original version of the Bill.

The Government’s second batch of amendments issued on 23 January covers the following.

• Clause 21: PAYE/internationally mobile employees

Changes are made to clarify points around the application of ITEPA 2003 new s 690 and HMRC notices under new s 690A (Government amendments 15 to 19).

• Clause 37: non-doms changes: claims for relief on foreign income

This amendment provides for income treated as arising to a settlor of a trust as a result of a capital payment made by...