Finance Bill 2018-19
Supporting documents for Finance Bill 2018-19, the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.
Finance Bill 2018-19: parliamentary passage
Finance Bill 2018-19: legislation
The Finance Bill was published on 7 November 2018.
Read the Bill on the Parliament website.
Measures with immediate effect from 29 October 2018
- Changes to personal company tests for Entrepreneurs’ Relief
- Changes to the higher rates of Stamp Duty Land Tax for additional dwellings
- Clarification of capital allowances for costs of altering land
- Corporation Tax: amendments to reform of loss relief rules
- Extension of Stamp Duty Land Tax First Time Buyers' Relief
- Stamp Duty, Stamp Duty Reserve Tax transfers of listed securities and connected persons
- Tax changes for UK property income of non-UK resident companies
- Capital allowances for structures and buildings technical note
Notes on Finance Bill 2018-19 resolutions
The government has published explanatory notes on resolutions, which give a brief description of each of the Finance Bill resolutions.
The government is committed, where possible, to publishing most tax legislation in draft for technical consultation before the relevant Finance Bill is laid before Parliament. The consultation on draft clauses is intended to make sure that the legislation works as intended. The final contents of ‘Finance Bill 2018-19’ will be subject to confirmation at Budget 2018.
Each measure is accompanied by:
- a tax information and impact note (TIIN) which sets out what the legislation seeks to achieve, why the government is undertaking the change and a summary of the expected impacts
- draft legislation
- an explanatory note which provides a more detailed guide to the legislation
The consultation will close on Friday 31 August 2018.
Draft Finance Bill and supporting documents
Finance Bill 2018-19 legislation and explanatory notes
Personal Tax draft legislation
Abolition of receipt checking for benchmark scale rates and changes to overseas scale rates
Simplification of donor benefits rules for Gift Aid
Changes to Optional Remuneration Arrangements rules for taxable cars and vans
Workplace charging for all-electric and plug-in hybrid vehicles
Changes to the treatment of emergency vehicles for private use
Reform of employer contributions into life assurance and overseas pension schemes
Business Tax draft legislation
Income Tax and Corporation Tax response to accounting changes for leasing
Corporation Tax changes to the corporate interest restriction rules
Climate Change Levy exemption for mineralogical and metallurgical processes
Changes to the Corporation Tax reform of loss relief rules
Corporation Tax on UK property income of non-UK resident companies
Oil and gas taxation: transferable tax history and retention of decommissioning expenditure
Indirect Tax draft legislation
Tobacco duty on heated tobacco
New still cider and perry bands for Alcohol Duty
VAT grouping eligibility criteria changes
Exempt zero-emission capable taxis from Vehicle Excise Duty expensive car supplement
Changes to Gaming duty accounting periods and administration
Stamp Duty draft legislation
Stamp Duty exemption for financial institutions in resolution
Changes to the Stamp Duty Land Tax filing and payment time limits
Tax administration and anti-avoidance draft legislation
Extension of offshore time limits for the assessment of tax
Extension of security deposit legislation
Interest harmonisation and sanctions for late payment
Technical note on late submission penalties
EU directives draft legislation
Implementing a directive on tax dispute resolution mechanisms in the EU
Anti-Avoidance Directive about controlled foreign companies
Changes to the Corporation Tax exit charges
Hybrid and other mismatches Anti-Tax Avoidance Directive
International Tax Enforcement disclosable arrangements
Capital Gains Tax draft legislation
Capital Gains Tax and Corporation Tax on UK property gains
Entrepreneurs’ Relief where shareholding ‘diluted’ below the 5% threshold
Last updated 21 December 2018 + show all updates
'Finance Bill 2018-19: report stage' published
Updated with 'Finance Bill 2018-19: Public Bill Committee'.
'Finance Bill 2018-19: parliamentary passage' section added.