Collection

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 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

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.

Draft legislation

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

Income Tax rent a room relief

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

HGV Levy

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

Late submission penalties

Technical note on late submission penalties

Profit fragmentation

EU directives draft legislation

VAT treatment of vouchers

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

Published 6 July 2018