Collection

Finance Bill 2021-22

Supporting documents for Finance Bill 2021-22, the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.

• From: HM Revenue & Customs and HM Treasury
• Published: 20 July 2021
• Last updated: 27 January 2022 — See all updates

Finance Bill 2021-22 legislation

Finance Bill 2021-22 was published on 4 November 2021.

Read the Finance Bill 2021 -22 and explanatory notes on the Parliamentary website.

Measures with effect from 27 October 2021

• Diverted Profits Tax - interaction with Corporation Tax closure notices and amendment to relieving provisions
  • 27 October 2021
  • Policy paper

Notes on Finance Bill 2021-22 resolutions

The government has published notes on resolutions, which give a brief description of each of the Finance Bill resolutions.

• Notes on Finance Bill resolutions 2021-22
  • 27 October 2021
  • Guidance
• Note on new Finance Bill resolution at Second Reading
  • 17 November 2021
  • Guidance

Draft legislation published for Finance Bill 2021-22

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.

Each measure comprises:

• a tax information and impact note (TIIN)
• draft legislation
• an explanatory note which provides a more detailed guide to the legislation

Also included are the impacting definitions for the tax information and impact notes and the Financial Secretary to the Treasury’s declaration about the tax information and impact notes.

The consultation closed on 14 September 2021.

• Draft Finance Bill 2021-22 legislation: impacting definitions and declaration
  • 20 July 2021
  • Guidance

Income Tax draft legislation

• Income Tax: basis period reform
  • 20 July 2021
  • Policy paper
• Increasing the normal minimum pension age for Pensions Tax
  • 20 July 2021
  • Policy paper
• Pension Scheme Pays reporting: information and notice deadlines
  • 27 October 2021
  • Policy paper

Corporation Tax draft legislation

• Real Estate Investment Trusts: amendments
  • 27 October 2021
  • Policy paper
• Corporation Tax: amendments to the hybrid and other mismatches rules
  • 20 July 2021
  • Policy paper
• Capital allowances: amendment to allowance statement for structures and buildings allowance
  • 27 October 2021
  • Policy paper

Insurance Premium Tax draft legislation

• Insurance Premium Tax: identifying where the risk is situated
  • 27 October 2021
  • Policy paper

Anti-avoidance draft legislation

• New proposals to clamp down on promoters of tax avoidance
  • 20 July 2021
  • Policy paper

Miscellaneous draft legislation

• Powers to tackle electronic sales suppression
  • 27 October 2021
  • Policy paper
• Tracing and security for tobacco products
  • 20 July 2021
  • Policy paper

Further draft legislation for Finance Bill 2021-22

The consultation on the further draft legislation will close on 15 October 2021.

• Residential Property Developer Tax: draft legislation
  • 8 October 2021
  • Policy paper
• Economic Crime (Anti-Money Laundering) Levy: draft legislation
  • 21 September 2021
  • Policy paper

Finance Bill 2021-22: parliamentary passage

• Finance Bill 2021-2022: Committee of the Whole House
  • 29 November 2021
  • Policy paper
• Finance Bill 2021-22: Public Bill Committee
  • 14 December 2021
  • Policy paper
• Finance Bill 2021-2022: Report Stage
  • 20 July 2022
  • Policy paper

Published 20 July 2021
Last updated 27 January 2022 + show all updates

1. 27 January 2022

   Added: Finance Bill 2021-2022: Report Stage

2. 13 December 2021

   Added: 'Finance Bill 2021-22: Public Bill Committee'

3. 10 December 2021

   Added: 'Finance Bill 2021-2022: Committee of the Whole House'

4. 17 November 2021

   Note on new Finance Bill resolution at Second Reading

5. 20 July 2021

   First published.