The Lords Finance Bill was published on 3 July, incorporating all changes made to the Bill during its passage through Parliament. This is the final version of the Bill; the House of Lords does not have the power to amend a Money Bill. Royal assent to Finance Act 2020 is expected by 22 July, before the Parliamentary summer recess.
The new provisions added at report stage have been numbered as follows:
Taxation of coronavirus support scheme payments: s 106 and Sch 16.
Protected pension age of pension scheme members re-employed as a result of coronavirus: s 108.
Modifications of the statutory residence test in connection with coronavirus: s 109.
Future Fund: EIS and SEIS relief: s 110.
Interest on unpaid tax in case of disaster etc of national significance: s 105.
SDLT: exceptional circumstances preventing disposal of interest in three-year period: s 76.
HGV road user levy: s 88.
Enterprise management incentives disqualifying events: s 107.
Second reading in the House of Lords is scheduled for 17 July.
The Lords Finance Bill was published on 3 July, incorporating all changes made to the Bill during its passage through Parliament. This is the final version of the Bill; the House of Lords does not have the power to amend a Money Bill. Royal assent to Finance Act 2020 is expected by 22 July, before the Parliamentary summer recess.
The new provisions added at report stage have been numbered as follows:
Taxation of coronavirus support scheme payments: s 106 and Sch 16.
Protected pension age of pension scheme members re-employed as a result of coronavirus: s 108.
Modifications of the statutory residence test in connection with coronavirus: s 109.
Future Fund: EIS and SEIS relief: s 110.
Interest on unpaid tax in case of disaster etc of national significance: s 105.
SDLT: exceptional circumstances preventing disposal of interest in three-year period: s 76.
HGV road user levy: s 88.
Enterprise management incentives disqualifying events: s 107.
Second reading in the House of Lords is scheduled for 17 July.
