A Tolley/LexisNexis®PSL report of the key announcements from last week’s ‘legislation day’, with additional practitioner comment.
The initial draft clauses for the 2023 Finance Bill were published on 20 July 2022 and include more detail on previously announced proposals. Whilst the government refers to it as draft legislation for Finance Bill 2022/23 in this commentary for clarity it is referred to as draft Finance Bill 2023 (FB 2023). The final contents of the Bill will be subject to confirmation at the next Budget which is likely to be this Autumn.
Business taxes
Collective money purchase schemes
Collective money purchase schemes (CMP) were introduced in the Pension Scheme Act 2021 and enabled employers to provide a new form of pension scheme. CMPs allow financial risks to be shared between employers and employees. They are therefore intended to be less expensive for the employer to run and fund....
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A Tolley/LexisNexis®PSL report of the key announcements from last week’s ‘legislation day’, with additional practitioner comment.
The initial draft clauses for the 2023 Finance Bill were published on 20 July 2022 and include more detail on previously announced proposals. Whilst the government refers to it as draft legislation for Finance Bill 2022/23 in this commentary for clarity it is referred to as draft Finance Bill 2023 (FB 2023). The final contents of the Bill will be subject to confirmation at the next Budget which is likely to be this Autumn.
Business taxes
Collective money purchase schemes
Collective money purchase schemes (CMP) were introduced in the Pension Scheme Act 2021 and enabled employers to provide a new form of pension scheme. CMPs allow financial risks to be shared between employers and employees. They are therefore intended to be less expensive for the employer to run and fund....
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:
