Government proposes further Finance Bill amendments, including to the temporary repatriation facility

The Government has released a (potentially first) batch of amendments to Finance Bill 2025 to be taken at report stage in the House of Commons on Monday 3 March 2025. The amendments are as follows:

• Clause 26: TV and film Audio-Visual Expenditure Credit: Subsection (4) in the new CTA 2009 s 1179EC is replaced clarifying how to calculate the relief.
• Clause 37: Non-doms – claim for relief on foreign income: New ITTOIA 2005 ss 845CA and 845DA are inserted:
• s 845CA provides that an individual who makes a foreign income claim foreign employment election or foreign gain claim for a tax year is not entitled to relief under ITTOIA 2005 s 274A for any relievable amount for that tax year in respect of an overseas property business; and
• s 845DA provides that where an individual has made a foreign income claim any relief for contributions to...