On 5 December, the government published draft provisions for Finance Bill 2017 for consultation. This includes measures announced at Autumn Statement 2016, Budget 2016 and in the case of the taxation of non-domiciles, Summer Budget 2015.
On 5 December, the government published draft provisions for Finance Bill 2017 for consultation. This includes measures announced at Autumn Statement 2016, Budget 2016 and in the case of the taxation of non-domiciles, Summer Budget 2015.
The 398 pages of the draft Finance Bill 2017 contain 98 clauses and 22 schedules. In addition, draft NICs legislation was published for the abolition of class 2 NICs and changes to termination payments. This legislation will be included in a new NICs Bill in due course.
To accompany the draft legislation, HMRC has published 51 new tax information and impact notes.
The government also chose legislation day to publish around 30 response documents with the outcomes of various consultations held during the year.
Consultation on the draft provisions for Finance Bill 2017 will run until 1 February 2017 (see www.bit.ly/2ha3RM2).
The financial secretary to the Treasury has also confirmed that the government will publish further draft clauses for Finance Bill 2017 in January. This legislation will concern: making tax digital; social investment tax relief; partnerships; and the remaining draft legislation for corporate interest expense and loss relief reform.
On 5 December, the government published draft provisions for Finance Bill 2017 for consultation. This includes measures announced at Autumn Statement 2016, Budget 2016 and in the case of the taxation of non-domiciles, Summer Budget 2015.
On 5 December, the government published draft provisions for Finance Bill 2017 for consultation. This includes measures announced at Autumn Statement 2016, Budget 2016 and in the case of the taxation of non-domiciles, Summer Budget 2015.
The 398 pages of the draft Finance Bill 2017 contain 98 clauses and 22 schedules. In addition, draft NICs legislation was published for the abolition of class 2 NICs and changes to termination payments. This legislation will be included in a new NICs Bill in due course.
To accompany the draft legislation, HMRC has published 51 new tax information and impact notes.
The government also chose legislation day to publish around 30 response documents with the outcomes of various consultations held during the year.
Consultation on the draft provisions for Finance Bill 2017 will run until 1 February 2017 (see www.bit.ly/2ha3RM2).
The financial secretary to the Treasury has also confirmed that the government will publish further draft clauses for Finance Bill 2017 in January. This legislation will concern: making tax digital; social investment tax relief; partnerships; and the remaining draft legislation for corporate interest expense and loss relief reform.
