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Highlights of the new Finance Bill

Adrian Rudd and Stella Amiss (PwC) detail some of the key provisions.

For anyone who loves tax legislation it certainly is the most wonderful time of the year. Hot on the heels of royal assent to Finance (No. 2) Act 2017 came the chancellor’s Autumn Budget. As has become customary the Finance Bill followed nine days later and this is expected to become the Finance Act 2018 at some point next spring.

Tax advisers will no doubt welcome the relative brevity of the Bill: at 184 pages it is considerably shorter than most we have seen in recent years.

In its accompanying notes the government announced that it was taking steps to help young people with the cost of living crack down on tax avoidance and evasion and protect the environment. The Financial Secretary to the Treasury Mel Stride MP said:

‘The...

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