Policy paper

Budget 2021: Overview of tax legislation and rates (OOTLAR)

Updated 23 March 2023

Introduction

This document sets out the detail of each tax policy measure announced at Budget and of previously announced measures that will be included in Finance Bill 2021. It is intended for tax practitioners and others with an interest in tax policy changes, especially those who will be involved in consultations both on the policy and on draft legislation.

Finance Bill 2021 will be published on 11 March 2021.

The information in the document is set out as follows:

Chapter 1 contains details of measures that are included in Finance Bill 2021.

Chapter 2 contains details of measures which are part of Budget but are not in Finance Bill 2021.

Table 1 lists measures where draft legislation was published on either 21 July 2020 or 12 November 2020, for consultation, and which remain unchanged.

Table 2 lists measures in this document without a corresponding announcement in the Budget report.

Annex A provides tables of tax rates and allowances for the tax year 2021 to 2022 and the tax year 2022 to 2023.

Annex B lists upcoming consultations, calls for evidence and other consultative documents announced at Budget. The government will publish a number of tax-related consultations and calls for evidence on 23 March, announced through a Command Paper “Tax policies and consultations Spring 2021”. None of these announcements will require legislation in Finance Bill 2021 or have an impact on the government’s finances. This document will be updated on that date to reflect the further announcements.

Annex C provides a guide to the impact assessments in tax information and impact notes.

Chapter 1 - Finance Bill 2021

Personal Tax

1.1 Income Tax: rates and thresholds for tax year 2021 to 2022

As announced at Budget, the government will legislate in Finance Bill 2021 to set the charge for income tax, and the corresponding rates, as it does every year. Finance Bill 2021 will set:

• the main rates, which will apply to non-savings, non-dividend income of taxpayers in England, Wales and Northern Ireland
• the savings rates, which will apply to savings income of all UK taxpayers
• the default rates, which will apply to a very limited category of income taxpayers that will not fall within the above two groups, made up primarily of trustees and non-residents.

Income tax rates and thresholds on non-savings, non-dividend income for Scottish taxpayers are set by the Scottish Parliament. A Welsh rate of income tax for non-savings, non-dividend income for Welsh taxpayers is set by the Welsh Parliament.

1.2 Personal Allowance, basic rate limit, Upper Earnings Limit and Upper Profits Limit

As announced at Spending Review 2020, the government will increase the Personal Allowance and the basic rate limit in line with the September CPI figure for 2021 to 2022. The Personal Allowance will therefore increase to £12,570 and the basic rate limit to £37,700 for 2021 to 2022. The higher rate threshold (the Personal Allowance added to the basic rate limit) will increase to £50,270 for 2021 to 2022.

As announced at Budget 2021, the government will legislate in Finance Bill 2021 to set the Personal Allowance at £12,570 and basic rate limit at £37,700 for 2022 to 2023, 2023 to 2024, 2024 to 2025 and 2025 to 2026. The higher rate threshold will therefore be £50,270 for these years.

The National Insurance contributions Upper Earnings Limit and Upper Profits Limit will remain aligned to the higher rate threshold at £50,270 for these years. The National Insurance contributions Upper Earnings Limit and Upper Profits Limit will be legislated for in the annual setting of National Insurance contributions limits and thresholds as standard.

Changes to the Personal Allowance will apply to the whole of the UK. Changes to the basic rate limit, and higher rate threshold, will apply to non-savings, non-dividend income in England, Wales and Northern Ireland, and to savings and dividends income in the UK. Income tax rates and thresholds on non-savings, non-dividend income for Scottish taxpayers are set by the Scottish Parliament.

Changes to the National Insurance contributions Upper Earnings Limit and Upper Profits Limit will apply to the whole of the UK.

Read the Income Tax Personal Allowance and the basic rate limit from 6 April 2022 to 5 April 2026 tax information and impact note for more information.

1.3 Starting rate for savings limit

As announced at Budget, the band of savings income that is subject to the 0% starting rate will remain at its current level of £5,000 for 2021 to 2022.

This measure will apply to the whole of the UK.

1.4 Setting the standard Lifetime Allowance

As announced at Budget, legislation will be introduced in Finance Bill 2021 to remove the annual link to the Consumer Price Index increase for the next 5 fiscal years.

This will maintain the standard Lifetime Allowance at £1,073,100 for tax years 2021 to 2022 to 2025 to 2026.

Read the Setting the standard Lifetime Allowance from 2021 to 2022 to 2025 to 2026 tax information and impact note for more information.

1.5 Taxation of collective money purchase pensions

The government will legislate to make sure collective money purchase pension schemes (also known as collective defined contribution schemes), to be introduced by the Pension Schemes Act 2021, can operate as registered pension schemes for tax purposes.

1.6 Inheritance tax nil-rate band and residence nil-rate band

As announced at Budget, the government will introduce legislation in Finance Bill 2021 so that the inheritance tax nil-rate bands will remain at existing levels until April 2026.

The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000, and the residence nil-rate band taper will continue to start at £2 million.

This means qualifying estates can continue to pass on up to £500,000 and the qualifying estate of a surviving spouse or civil partner can continue to pass on up to £1 million without an inheritance tax liability. 

This will have effect from 6 April 2021 to 5 April 2026. 

Read the Inheritance Tax nil rate band and residence nil rate band thresholds from 6 April 2021 tax information and impact note for more information.

1.7 Venture Capital Schemes: Extension of the Social Investment Tax Relief (SITR)

The government will continue to support social enterprises in the UK that are seeking growth investment by extending the operation of SITR to April 2023. This will continue availability of Income tax relief and Capital Gains Tax hold-over relief for investors in qualifying social enterprises, helping them access patient capital.

This measure will be legislated for in Finance Bill 2021, and a summary of responses to the consultation held in Spring 2019 will be published on 23 March 2021.

Read the Extension of the Social Investment Tax Relief tax information and impact note for more information.

1.8 Easement for employer-provided cycles exemption

The government will legislate in Finance Bill 2021 to introduce a time-limited easement to the employer-provided cycle exemption to disapply the condition which states that employer-provided cycles must be used mainly for journeys to, from, or during work. The easement will be available to employees who have joined a scheme and have been provided with a cycle or cycling equipment on or before 20 December 2020.

The change will have effect on and after Royal Assent of Finance Bill 2021 and be in place until 5 April 2022, after which the normal rules of the exemption will apply.

Read the Easement for employer provided cycles exemption tax information and impact note for more information.

1.9 Technical changes to the off-payroll working rules legislation

As previously announced on 12 November 2020, a technical change will be legislated for in Finance Bill 2021 to address an unintended widening of the definition of an intermediary in the off-payroll working rules legislation, where it is a company. The original legislation went beyond the intended scope of the policy, and this change restores the policy intent.

An equivalent change will also be made to the relevant National Insurance contributions regulations ahead of 6 April 2021. The government will also introduce a Targeted Anti Avoidance Rule (TAAR) to make sure that the definition of an intermediary cannot be exploited.

The government is making two further minor related technical changes to improve the operation of the rules, in response to feedback from stakeholders, which will both be legislated for in Finance Bill 2021. The government will make changes to the rules regarding provision of information by parties in the labour supply chain.

These changes will make it easier for parties in a contractual chain to share information relating to the off-payroll working rules by allowing an intermediary, as well as a worker, to confirm if the rules need to be considered by the client organisation.

The government will also amend a provision relating to fraudulent information. The change will allow HMRC to take action against any UK-based party in the labour supply chain providing fraudulent information.

This will prevent client organisations or deemed employers from facing liabilities where they have relied on fraudulent information provided by another party in the labour supply chain.

These 2 further technical changes and the TAAR will also be effective from 6 April 2021.

Read the Technical changes to make sure the off-payroll working legislation operates as intended tax information and impact note for more information.

1.10 Optional Remuneration Arrangements: disregard for statutory parental bereavement payments

The government will legislate in Finance Bill 2021 to include a disregard for Statutory Parental Bereavement Pay within the 2017 Optional Remuneration Arrangements legislation. 

This is to make sure employees in receipt of Statutory Parental Bereavement Pay and one of the relevant long-term benefits do not lose entitlement to the benefit of the transitional rules for existing long-term employment related benefit arrangements, which continue to provide a tax advantage until 5 April 2021. 

The change will have effect on and after Royal Assent of Finance Bill 2021 and will apply retrospectively to the 2020 to 2021 tax year.

Read the Changes to Statutory Parental Bereavement Pay and Optional Remuneration Arrangements for income tax and National Insurance contributions tax information and impact note for more information.

1.11 Financial support payments to potential victims of modern slavery and human trafficking: exemption from income tax

The government will legislate in Finance Bill 2021 to introduce an exemption from income tax for financial support payments made by the UK Government and devolved administrations to potential victims of modern slavery and human trafficking. This measure will take effect retrospectively from 1 April 2009 when the financial support payments started.

Read the income tax exemption for financial support payments made to potential victims of modern slavery and human trafficking tax information and impact note for more information.

1.12 Taxation of coronavirus support payments

As announced at Budget, the government will legislate in Finance Bill 2021 to make sure grants from the Self-Employment Income Support Scheme (SEISS) made on or after 6 April 2021 are taxed in the year of receipt. This measure will have effect for the tax year 2021 to 2022 and subsequent tax years.

Read the Updates to taxation of the Self-Employment Income Support Scheme grants for income tax tax information and impact note for more information.

1.13 Income tax exemption for employer-reimbursed COVID-19 tests for 2020 to 2021

The government will legislate in Finance Bill 2021 to introduce a retrospective income tax exemption for payments that an employer makes to an employee to reimburse for the cost of a relevant coronavirus antigen test for the tax year 2020 to 2021.

The change will have effect on and after Royal Assent of Finance Bill 2021. The corresponding National Insurance contributions disregard is already in force. 

Read the income tax exemption for employer-reimbursed coronavirus antigen tests tax information and impact note for more information.

1.14 Extension of income tax exemption and National Insurance contributions disregard for employer-provided and employer-reimbursed COVID-19 tests for 2021 to 2022

As announced at Budget, the government will legislate in Finance Bill 2021 to extend the income tax exemption for payments that an employer makes to an employee to reimburse them for the cost of a relevant coronavirus antigen test for the tax year 2021 to 2022. Legislation will also be introduced to extend the existing National Insurance contributions disregard to tax year 2021 to 2022.

Finance Bill 2021 will also introduce an Income Tax exemption for the provision, by an employer, of a relevant coronavirus antigen test to an employee for the tax year 2021 to 2022, which will also make sure no Class 1A National Insurance contributions liability arises for 2021 to 2022.

The change will have effect on and after Royal Assent of Finance Bill 2021.

Read the Extension to the income tax and National Insurance contributions exemption for employer provided and employer-reimbursed coronavirus antigen tests tax information and impact note for more information.

1.15 Charge if person is not entitled to a Self-Employment Income Support Scheme (SEISS) payment

The government is updating in Finance Bill 2021 provisions in Finance Act 2020 which specify that an individual is subject to a 100% tax charge if they receive payment to which they are not entitled.

This measure will allow HMRC to recover payments where an individual was entitled to the grant at the time of claim but subsequently ceases to be entitled to all or part of the grant.

Read the updates to tax charges when a person is no longer eligible to Self-Employment Income Support Scheme payments tax information and impact note for more information.

1.16 Tax treatment of Covid-19 support scheme: working households receiving tax credits

As announced at Budget 2021, the government will legislate in Finance Bill 2021 to introduce an exemption from income tax for Covid-19 support scheme: working households receiving tax credits payments made to recipients of tax credits.

Read the Income Tax and coronavirus (COVID-19) support scheme: working households receiving tax credits tax information and impact note for more information.

1.17 Zero-rating zero-emission vans from the van benefit charge

As announced at Budget 2020 the government will legislate in Finance Bill 2021 to reduce the van benefit charge to zero for vans that produce zero carbon emissions. 

The change will have effect on and after 6 April 2021.

1.18 Capital Gains Tax: Relief for gifts of business assets

The government will legislate in Finance Bill 2021 to amend the anti-avoidance rule when claiming relief for gifts of business assets to make sure it operates as intended. This will affect disposals made on or after 6 April 2021.

Read the Capital Gains Tax relief for gifts of business assets tax information and impact note for more information.

1.19 Capital Gains Tax Annual Exempt Amount (AEA)

As announced at Budget , the government will introduce legislation in Finance Bill 2021 that maintains the current Capital Gains Tax annual exempt amount at its present level of £12,300 for individuals, personal representatives and some types of trusts for disabled people and £6,150 for trustees of most settlements for the tax years until 2025 to 2026. This will have effect from 6 April 2021.

Read the Maintaining the annual exempt amount for Capital Gains Tax tax information and impact note for more information.

Corporate Tax

1.20 Corporation tax: Main Rate

Legislation will be introduced in Finance Bill 2021 to set the charge to Corporation Tax and set the main rate at 19% for the financial year beginning 1 April 2022.

As announced at Budget, legislation will also be introduced in Finance Bill 2021 to set the charge to Corporation Tax and set the main rate at 25% for the financial year beginning 1 April 2023. 

Read the Corporation Tax charge and rates from 1 April 2022 and Small Profits Rate and Marginal Relief from 1 April 2023 tax information and impact note for more information.

1.21 Corporation tax: Increase in the rate of Diverted Profits Tax

As announced at Budget the government will legislate in Finance Bill 2021 to increase the rate of Diverted Profits Tax from 25% to 31% for the financial year beginning 1 April 2023.

This will maintain the current differential of 6% between the Diverted Profits Tax rate and the main rate of corporation tax when the rate of corporation tax increases to 25% for the financial year beginning 1 April 2023.

Read the Change to the Diverted Profits Tax rate from 1 April 2023 tax information and impact note for more information.

1.22 Corporation tax: Small Profits Rate

As announced at Budget, the government will legislate in Finance Bill 2021 to introduce a small profits rate of 19% for financial year April 2023. The small profits rate will apply to profits of £50,000 or less.

Companies with profits between £50,000 and £250,000 will be taxed at the main rate of 25% but will be able to claim marginal relief. These thresholds are proportionately reduced for the number of associated companies and for short accounting periods.

Read the Corporation Tax charge and rates from 1 April 2022 and Small Profits Rate and Marginal Relief from 1 April 2023 tax information and impact note for more information.

1.23 Temporary Extension of Carry Back of Trading Losses

As announced at Budget 2021, the government will legislate in Finance Bill 2021 to temporarily extend the period over which incorporated and unincorporated businesses may carry-back trading losses from one year to three years.

This extension will apply to a maximum £2,000,000 of unused trading losses made in each of the tax years 2020 to 2021 and 2021 to 2022 by unincorporated businesses. The £2,000,000 maximum applies separately to unused trading losses made by companies, after carry-back to the preceding year, in relevant accounting periods ending between 1 April 2020 and 31 March 2021 and a separate maximum of £2,000,000 for periods ending between 1 April 2021 and 31 March 2022.

The £2,000,000 cap will be subject to a group-level limit, requiring groups with companies that have capacity to carry back losses in excess of £200,000 to apportion the cap between its companies. Further detail on the group limit will be published in due course.

Read the Temporary extension to carry back of trading losses for corporation tax and income tax tax information and impact note for more information.

1.24 Preventing abuse of the R&D relief for small and medium-sized enterprises

For accounting periods beginning on or after 1 April 2021, the amount of SME payable R&D tax credit that a company can receive in any one year will be capped at £20,000 plus three times the company’s total PAYE and National Insurance contributions liability, in order to deter abuse.

The government published legislation in November and has refined this to make sure the cap has been designed to minimise the impact on genuine businesses.

Read the Preventing abuse of Research and Development tax relief for small and medium-sized enterprises tax information and impact note for more information.

1.25 Corporation tax exemption for The Northern Ireland Housing Executive

As announced at Budget the government will legislate in Finance Bill 2021 to exempt the Northern Ireland Housing Executive from corporation tax, to make sure consistency of tax treatment with equivalent bodies providing state-funded housing across the UK. The changes will have effect on and after 1 April 2020.

Read the Exemption from corporation tax for Northern Ireland Housing Executive tax information and impact note for more information.

1.26 Tax treatment of business rates repayments

As announced in December 2020, the government will legislate in Finance Bill 2021 to make sure that the repayments of business rates relief by some businesses are deductible for corporation tax and income tax purposes, making sure it is consistent with the original expenditure which was an allowable expense.

Read the Tax deductibility of business rates repayment tax information and impact note for more information.

1.27 Withdrawal of LIBOR

Following a consultation in 2020, and as announced on 12 November 2020, the government will legislate in Finance Bill 2021 to deal with the withdrawal of LIBOR and the reform of other benchmark rates.

This will replace the statutory references to LIBOR in the leasing provisions with effect from 1 January 2022.

In addition, a time-limited power will be introduced to allow any unintended tax consequences arising from the transition away from LIBOR and other benchmark rates to be addressed in secondary legislation. 

Read the The tax impact of the withdrawal of LIBOR and other benchmark rates tax information and impact note for more information.

1.28 Hybrids and other mismatches

Following a consultation announced at Budget 2020, and a second technical consultation on draft legislation published on 12 November 2020, the government is introducing changes to the Corporation Tax legislation containing the rules for Hybrids and other mismatches.  

The changes, which will be introduced in Finance Bill 2021, will make sure the legislation operates proportionately and as intended. 

Read the Changes to the hybrid and other mismatches regime for corporation tax tax information and impact note for more information.

1.29 Enterprise Management Incentives (EMI): Extension of time limited exception to working time requirements

As announced on 21 July 2020, the government will legislate in Finance Bill 2021 to extend the time-limited exception that makes sure employees who are furloughed or working reduced hours because of coronavirus (COVID-19) continue to meet the working time requirements for EMI schemes.

The change will apply to existing participants of EMI scheme and it also allows employers to issue new EMI options to employees who do not meet the working time requirement as a result of COVID-19.

This measure will have effect until 5 April 2022.

Read the Enterprise Management Incentives extension of time-limited exception to working time requirements tax information and impact note for more information.

1.30 Corporate Interest Restriction: technical amendments

As previously announced, two amendments to the Corporate Interest Restriction (CIR) rules are being legislated for in Finance Bill 2021.

The first amendment clarifies the way special provisions apply for Real Estate Investment Trusts. This comes into force with effect from 21 July 2020.

The second amendment makes sure no penalties arise for the late filing of an Interest Restriction Return where there is a ‘reasonable excuse’. This applies from 1 April 2017 when the Corporate Interest Restriction rules commenced.

The previously published Technical amendments to the Corporate Interest Restriction for Corporation Tax tax information and impact note remains unchanged.

1.31 Corporation tax: technical amendments to reform of loss relief rules

The government will legislate in Finance Bill 2021 to make amendments to the loss relief rules to make sure that the legislation works as intended and to reduce administrative burdens for businesses. 

Read the Changes to the reform of loss relief rules for corporation tax tax information and impact note for more information.

1.32 Repeal of provisions relating to the Interest and Royalties Directive

The government will legislate in Finance Bill 2021 to repeal the domestic legislation that gives effect to the EU Interest and Royalties Directive. This legislation currently provides an exemption from withholding tax on intra-group interest and royalty payments between UK and EU companies.

Repeal will mean that from 1 June 2021 withholding taxes will apply to payments of annual interest and royalties made to EU companies, subject to the terms of the relevant double taxation agreement.

Read the Repeal of provisions relating to the Interest and Royalties Directive tax information and impact note for more information.

Capital Allowances

1.33 Super-deduction and 50% first-year allowances

As announced at Budget, between 1 April 2021 and 31 March 2023, companies investing in qualifying new plant and machinery will benefit from new first-year capital allowances.

Under this measure, investments in main-rate assets will be relieved by a 130% super-deduction, whilst investments in assets qualifying for special rate relief will benefit from a 50% first-year allowance.

Legislation will be included in Spring Finance Bill 2021 for these measures, including accompanying consequential amendments to Capital Allowances Act 2001.

Read the New temporary tax reliefs on qualifying capital asset investments from 1 April 2021 tax information and impact note for more information.

1.34 Annual Investment Allowance (AIA) Extension

As announced on 12 November 2020, the temporary £1,000,000 limit for the AIA will be extended by one year. Legislation will be introduced in Finance Bill 2021 to implement this. This change will have effect from 1 January 2021 to 31 December 2021.  

Read the Temporary increase in annual investment allowance for plant and machinery tax information and impact note for more information.

1.35 Freeports: Enhanced Structures and Buildings Allowance

As announced in the Freeports bidding prospectus published on 16 November 2020 and at Budget, an enhanced rate of Structures and Buildings Allowance (SBA) in Great Britain will be introduced.

Budget announces the location of 8 English Freeports. Once designated tax sites within these Freeports have been confirmed, the enhanced rate of SBA of 10% will be made available in the designated tax sites after tax site designation for corporation tax and income tax purposes. To qualify, the structure or building must be brought into use on or before 30 September 2026.

This will be legislated for in Finance Bill 2021.

Read the Enhanced Structures and Buildings Allowances in Freeports tax information and impact note for more information.

1.36 Freeports: Enhanced Capital Allowances

As announced in the Freeports bidding prospectus published on 16 November 2020 and at Budget, a 100% enhanced capital allowance in Great Britain will be introduced.

Budget announces the location of 8 English Freeports. Once designated tax sites within these Freeports have been confirmed, this enhanced relief will be made available for companies investing in plant and machinery in the designated tax sites. This change will have effect for investment incurred on or after tax site designation until 30 September 2026.

This will be legislated in Finance Bill 2021.

Read the Enhanced Capital Allowance for Plant and Machinery in Freeports tax information and impact note for more information.

1.37 Freeports: Power to Designate Freeport Tax Sites

As announced in the Freeports bidding prospectus published on 16 November 2020 and at Budget, tax sites within Freeports will need to be approved and confirmed by the government. Budget announces the location of 8 English Freeports. Once tax sites within these Freeports have been designated, businesses in those tax sites will be able to benefit from a number of tax reliefs.

The Finance Bill will introduce a power that enables areas in Great Britain to be designated as Freeport tax sites and confirmed by the government through secondary legislation; it will bring forward legislation to apply in Northern Ireland at a later date.

This change will have effect on or after 9 March 2021. Once tax sites have been approved and confirmed by the Government, then businesses in these tax sites will be able to benefit from a number of tax reliefs.

Read the Designation of Freeport tax sites tax information and impact note for more information.

1.38 Restoring plant and machinery leases to pre-Covid-19 treatment

The government will legislate as part of Finance Bill 2021 to turn off certain parts of anti-avoidance legislation affecting leases extended as a result of Covid-19. 

The easement will restore eligibility to claim capital allowances, to the position as originally intended immediately prior to the date of the change in consideration due under the lease.  Legislation will be introduced in Finance Bill 2021 to implement this. 

The change will affect leases only where a relevant change in consideration is implemented between 1 January 2020 and 30 June 2021.  Either party may choose not to apply this treatment, the election for which will be binding on both parties. 

Read the Restoring plant and machinery leases to pre COVID-19 treatment tax information and impact note for more information.

1.39 Qualifying decommissioning expenditure

In Finance Bill 2021 the government will amend the legislation that defines expenditure which qualifies as ‘general decommissioning expenditure’ to make sure all appropriate expenditure can qualify.

The changes will apply for expenditure incurred on or after 3 March 2021.

Read the Oil and Gas Taxation qualifying decommissioning expenditure tax information and impact note for more information.

Indirect Tax

1.40 VAT reduced rate for tourism and hospitality

The government will extend the temporary reduced rate of VAT of 5% for hospitality, holiday accommodation, and attractions until 30 September 2021.

This will be followed by the introduction of a new reduced rate of 12.5% from 1 October 2021 that will be in effect until 31 March 2022 at which point it will revert to the standard rate.

Read the Introduction of a new reduced rate of VAT for hospitality, holiday accommodation and attractions tax information and impact note for more information.

1.41 Setting Air Passenger Duty (APD) rates for 2022 to 2023

As announced at Budget, APD rates will increase in line with RPI from April 2022, meaning that the reduced and standard short-haul rates will remain frozen at the same level since 2012.Long-haul rates will increase in line with RPI.

The rates for long-haul economy flights from Great Britain will increase by £2, and the rates for those travelling in premium economy, business and first class will increase by £5. Those travelling long-haul by private jets will see the rate increase by £13.

Read the Air Passenger Duty rates from 1 April 2022 to 31 March 2023 tax information and impact note for more information.

1.42 Landfill Tax: rates for 2021 to 2022

As announced at Budget 2020 the government will legislate in Finance Bill 2021 to increase the standard and lower rates of Landfill Tax in line with RPI, rounded to the nearest 5 pence.

The change will have effect on and after 1 April 2021, as set out in Annex A.

Read the Changes to Landfill Tax rates from 1 April 2021 tax information and impact note for more information.

1.43 Gaming Duty: increase in casino gross gaming yield bands

As announced at Budget, the government will legislate in Finance Bill 2021 to raise the gross gaming yield bandings for gaming duty in line with inflation (based on RPI).

The revised gross gaming yield bandings used to calculate gaming duty must be used for accounting periods beginning on or after 1 April 2021. 

The gross gaming yield bandings are published in Annex A.

Read the Gross gaming yield increase for Gaming Duty tax information and impact note for more information.

1.44 Red diesel entitlements

As announced at Budget 2020, the government will legislate in Finance Bill 2021 to remove the entitlement to use red diesel and rebated biofuels from April 2022. A few sectors will retain their entitlement to use red diesel beyond April 2022, as outlined in the summary of responses to last year’s consultation which has been published alongside Budget. This includes agriculture, rail vehicles, non-commercial heating and power generation, travelling funfairs and circuses, amateur sports as well as golf courses, and all commercial boat operators.

Finance Bill 2021 will also extend fuel duty to biofuels and fuel substitutes used in heating, applying lower rebated rates when used for non-commercial heating. Regulations will be laid in early 2022 to make consequential amendments to the relevant statutory instruments.

All these changes will take effect on 1 April 2022.

Read the Reform of red diesel entitlements tax information and impact note for more information.

1.45 Vehicle Excise Duty (VED): rates for cars, vans and motorcycles

As announced at Budget, the government will legislate in Finance Bill 2021 to increase Vehicle Excise Duty rates for cars, vans, motorcycles and motorcycle trade licences by RPI with effect from 1 April 2021. Vehicle Excise Duty rates are set out in Annex A.

Read the Vehicle Excise Duty rates for cars, vans, motorcycles and trade licences from April 2021 tax information and impact note for more information.

1.46 Vehicle Excise Duty and Levy rates for heavy goods vehicles (HGVs)

As announced at Budget, to support the haulage sector and pandemic recovery efforts, the government will freeze heavy goods vehicle Vehicle Excise Duty for 2021 to 2022 and will suspend the heavy goods vehicle levy for another 12 months from 1 August 2021.

Read the Heavy goods vehicle levy suspension tax information and impact note for more information.

1.47 Climate Change Levy main and reduced rates

Following the announcement at Budget 2020, the government will legislate in Finance Bill 2021 for the Climate Change Levy main rates for 2022 to 2023 and 2023 to 2024 to continue to re-balance the electricity to gas ratio.

Also following the announcement at March Budget 2020, the government will legislate in Finance Bill 2021 to amend the reduced rates (discount percentages) so that businesses in the Climate Change Agreement scheme will only be subject to an increase to their Climate Change Levy liability in line with the Retail Prices Index (RPI) for the years 2022 to 2023 and 2023 to 2024.

The government announced at March Budget 2020 that liquified petroleum gas rates would be frozen until 31 March 2024. The freeze was first announced at Autumn Budget 2017.

The main and reduced rates of Climate Change Levy from 1 April 2022 are set out in Annex A.

Read the Changes to rates for the Climate Change Levy for 2022 to 2023 and 2023 to 2024 tax information and impact note for more information.

1.48 Seize in Situ

The government will legislate in Finance Bill 2021 to introduce a civil penalty for the unauthorised removal of goods that have been seized ‘in situ’.

Seized goods kept on the trader’s premises are known as goods seized in situ. A penalty would apply to traders removing seized goods without prior authorisation from HMRC.

The change will have effect from Royal Assent of Finance Bill 2021.

Read the Changes to Schedule 3 of Customs and Excise Management Act (CEMA) 1979 for seizure in situ tax information and impact note for more information.

1.49 Tobacco Duty Rates: Consolidation of rates into Finance Bill 2021

On 12 November 2020 the government announced an increase to the excise duty rate on all tobacco products. This increase took effect from 16 November 2020 by virtue of The Tobacco Products Duty (Alteration of Rates) Order 2020, (the Order).

The Tobacco Products Duty Act 1979 limits the lifespan of such an Order to one year and it is necessary to consolidate the increase through a Finance Bill.

This measure will consolidate the duty rate increases contained within the Order by amending the Table within Schedule 1 of the Tobacco Products Duty Act 1979 and revoke the Order. There are no changes to the duty rates contained within the Order.

Read the Consolidation of Rates into Finance Bill 2021 for Tobacco Duty tax information and impact note for more information.

1.50 Plastic Packaging Tax

As announced at Budget 2018 and confirmed at Budget 2020, the government will introduce a new Plastic Packaging Tax from 1 April 2022, with primary legislation introduced in Finance Bill 2021. The tax will encourage the use of recycled plastic instead of new plastic within packaging.

Budget 2020 announced the rate of the tax as £200 per tonne of plastic packaging which contains less than 30% recycled plastic content. Following a technical consultation, minor amendments have been made to the draft legislation to improve clarity in accordance with stakeholder feedback.

Read the Introduction of Plastic Packaging Tax from April 2022 tax information and impact note for more information.

1.51 Amendment to Customs and Excise review and appeals legislation

As announced at Budget, the government will legislate in Finance Bill 2021 to give HMRC the power to temporarily approve businesses that appeal a decision to revoke their approval to operate within certain due diligence schemes, designed to protect the payment of duties on goods.

This measure will preserve the businesses’ right of appeal, by making sure those that entirely depend on such approval to legally trade have the opportunity to remain financially viable, while their appeal is being heard.

Temporary approval will only be allowed in certain circumstances and will last only while the business pursues its appeal. Legislation will take effect following Royal Assent. 

Read the Amendment to Customs and Excise review and appeals legislation tax information and impact note for more information.

1.52 Administrative Amendment to Vehicle Excise Duty Expensive Car Supplement

The government will make an amendment to the Vehicle Excise Duty legislation to make sure the vehicle licence end date and the expensive car supplement end date do not align. Registered keepers of cars in their last year of paying the expensive car supplement are issued correct Vehicle Excise Duty refunds when required.

The change will take effect from 1 April 2021.

Read the Administrative amendment to Vehicle Excise Duty expensive car supplement tax information and impact note for more information.

1.53 Repeal of Carbon Emissions Tax legislation

The government will introduce legislation in Finance Bill 2021 to repeal the provisions in Finance Acts 2019 and 2020 relating to Carbon Emissions Tax, which were not commenced. 

This follows the government’s announcement on 14 December 2020 that the UK Emissions Trading System rather than the Carbon Emissions Tax would be the UK’s carbon pricing policy from 1 January 2021. The government response to a consultation in summer 2020 on the tax is being published on 23 March 2021.

The tax information and impact note published at Budget 2020 has been withdrawn. 

1.54 S4C Section 33 VATA

The government will legislate in Finance Bill 2021 to add S4C to the special VAT refund scheme for public bodies, which will allow S4C to receive a refund of VAT incurred on its public service activities.

In Spring 2020 HM Treasury and the Department for Digital, Culture, Media and Sport conducted an internal review, which concluded that there are no other broadcasters in a similar position to S4C.

1.55 VAT Deferral New Payment Scheme

The VAT deferral new payment scheme was announced on 24 September 2020 and gives businesses the opportunity to make monthly payments of deferred VAT from March 2021. Businesses that deferred VAT payments - which would otherwise have been payable with (or in connection with) VAT returns - due between 20 March and 30 June 2020 will now have the option to pay them in up to 11 interest-free instalments between 2021 to 2022.

Businesses that do not choose this option must pay deferred VAT by 31 March 2021. Businesses may opt-in between February and June 2021 but with fewer instalments where take-up is in April (up to 10 instalments), May (up to nine instalments) and June (up to eight instalments), to make sure full payment is received by the end of the financial year.

This measure will be legislated for in Finance Bill 2021 for payment of the deferred VAT by instalments and for a penalty where the deferred VAT is not paid or there is no arrangement to pay.

Read the Legislating for the VAT deferral new payment scheme and deterrent tax information and impact note for more information.

Property Tax

1.56 Stamp Duty Land Tax: Extension to the SDLT temporary rates

As announced at Budget, the government will legislate in Finance Bill 2021 to extend the temporary increase to the Stamp Duty Land Tax nil rate band for residential property in England and Northern Ireland that was due to end on 31 March 2021.

The nil rate band will continue to be £500,000 for the period 8 July 2020 to 30 June 2021. From 1 July 2021 until 30 September 2021, the nil rate band will be £250,000. The nil rate band will return to the standard amount of £125,000 from 1 October 2021.

Read the Extension of the temporary increase to the Stamp Duty Land Tax nil rate band for residential properties tax information and impact note for more information.

1.57 Stamp Duty Land Tax: relief for Freeports

As announced in the Freeports bidding prospectus published on 16 November 2020 and at Budget, a relief from Stamp Duty Land Tax (SDLT) in England will be introduced.

Budget announces the location of 8 English Freeports. Once designated tax sites within these Freeports have been confirmed, SDLT relief will be made available for purchases of land or property, subject to that land or property being acquired and used for qualifying purposes and subject to a control period of up to 3 years.

Relief will be available for purchases made between tax site designation and 30 September 2026, in designated tax sites within successful Freeports and legislated in Finance Bill 2021.

Read the Stamp Duty Land Tax relief for Freeports tax information and impact note for more information.

1.58 Non-UK Resident SDLT

At Budget 2020, the Government confirmed its intention to introduce a Stamp Duty Land Tax surcharge on non-UK residents purchasing residential property in England and Northern Ireland from 1 April 2021. 

The surcharge will be 2 percentage points above the existing residential rates. A consultation took place between 11 February and 6 May 2020.

1.59 Annual Tax on Enveloped Dwellings (ATED) and 15 per cent rate of Stamp Duty Land Tax (SDLT): Relief for Housing Co-Operatives

As announced at Budget, and following consultation on draft legislation over the Summer of 2020, the government will introduce new reliefs from ATED and the 15% rate of SDLT for certain qualifying housing co-operatives. This legislation comes into effect on 3 March 2021.  For SDLT, the relief can be claimed for land transactions where the effective date of the transaction is on or after that date. 

For ATED, the relief will apply to chargeable periods beginning on or after 1 April 2020, allowing eligible housing co-operatives who have already paid ATED for that period to claim a refund.

Read the New reliefs from Annual Tax on Enveloped Dwellings and Stamp Duty Land Tax for housing co-operatives tax information and impact note for more information.

Tax administration and other measures

1.60 Extending MTD for Value Added Tax to all VAT registered businesses from 1 April 2022

As announced by Written Ministerial Statement on 20 July 2020, Finance Bill 2021 includes provisions that will enable the scope of Making Tax Digital for VAT to be extended to all VAT registered businesses with effect from 1 April 2022.

Read the Extension of Making Tax Digital for VAT tax information and impact note for more information.

1.61 Tackling Promoters of Tax Avoidance

As announced at Budget 2020 and following consultation, the Government will legislate in Finance Bill 2021 to take further action against those who promote and market tax avoidance schemes.

The legislation, which will take effect following Royal Assent, will:

• strengthen information powers for HMRC’s existing regime to tackle enablers of tax avoidance schemes and make sure enabler penalties are issued sooner for multi-user schemes
• enable HMRC to act promptly where promoters fail to disclose their avoidance schemes under the Disclosure of Tax Avoidance Scheme and Disclosure of VAT and other Indirect Taxes (DOTAS and DASVOIT) regimes
• allow HMRC to stop promoters from marketing and selling avoidance schemes earlier and make sure promoters fulfil their obligations under the Promoters of Tax Avoidance Schemes (POTAS) regime
• make further technical amendments to the POTAS regime, so the regime can continue to operate effectively
• make additional changes to the General Anti-Abuse Rule (GAAR) so it can be used as intended to tackle avoidance using partnerships

1.62 Follower Notices and Penalties

As announced by written ministerial statement on 16 December 2020 and further to the consultation concluded in January 2021, the government will legislate in Finance Bill 2021 to change the penalties that may be charged to people receiving Follower Notices as a result of using avoidance schemes. The rate of penalty will be reduced from 50% to 30% of the tax in dispute.

A further penalty of 20% will be charged if the tribunal decides that the recipient of a Follower Notice continued their litigation against HMRC’s decision on an unreasonable basis. The legislation will come into effect at Royal Assent.

1.63 Tax conditionality: licensing in England and Wales

As announced at Budget 2020, the government will legislate in Finance Bill 2021 to make the renewal of certain licences conditional on applicants completing checks that confirm they are appropriately registered for tax.

Those licences are to:

• drive taxis and private hire vehicles (for example minicabs)
• operate private hire vehicle firms
• deal in scrap metal

Licensing bodies will have to obtain confirmation that an applicant has completed the check before making a decision on their renewal application.

The measure will make it more difficult for non-compliant traders to operate in the hidden economy and help level the playing field for the compliant majority.

These changes will take effect in England and Wales from 4 April 2022.

Read the New tax checks on licence renewal applications in England and Wales tax information and impact note for more information.

1.64 OECD Reporting Rules for Digital Platforms

The government will introduce a new power in Finance Bill 2021 which will enable regulations to be made to implement OECD rules that will require digital platforms to send information about the income of their sellers to both HMRC and to the seller themselves.

This will help taxpayers in the sharing and gig economy get their tax right, and help HMRC to detect and tackle tax evasion when they do not. A consultation will take place in Summer 2021.

Read the Reporting rules for digital platforms tax information and impact note for more information.

1.65 Northern Ireland Steel Import Duty measure

As announced in January 2021, the government will introduce legislation in Finance Bill 2021 which will enable businesses who import steel originating from countries outside of the EU and the UK into Northern Ireland to access the UK safeguard quotas or an equivalent in-quota tariff treatment provided the relevant EU tariff rate quota is open.

Such steel imports will not be subject to the EU’s safeguard tariff. The change will be effective from the end of the Transition Period (1 January 2021).

The measure contains a power that may be exercised to extend its application to other goods.

Read the Northern Ireland Steel Import Duty tax information and impact note for more information.

1.66 Powers to amend interpretation and other provisions relating to banks

The government will legislate in Finance Bill 2021 to update the powers to make amendments to the bank surcharge, bank loss restriction, and bank levy rules by regulations made by statutory instruments.

These updated powers will allow HM Treasury to lay secondary legislation which amends the banking definitions used within these rules following implementation of the Investment Firms Prudential Regime from 1 January 2022, retrospectively if made before 30 June 2022. The changes will come into effect following Royal Assent.

Read the Powers to amend interpretation and other provisions relating to banks tax information and impact note for more information.

The government will consult on draft regulations in 2021.

1.67 Amendments to HMRC Civil Information Powers

As announced on 21 July 2020, a new Financial Institution Notice will be introduced which can be used under certain circumstances to require financial institutions to provide information to HMRC about a specific taxpayer, without the need for approval from the independent tax tribunal. Draft legislation was published on 21 July 2020.

Read the Amending HMRC’s Civil Information Powers tax information and impact note for more information.

1.68 Interest harmonisation and reform of penalties for late submission and late payment of tax

As announced at Budget , following extensive consultation since 2015, the government will legislate in Finance Bill 2021 to introduce a new penalty regime for VAT and income tax Self Assessment (ITSA).

The reforms will come into effect for VAT taxpayers from periods starting on or after 1 April 2022; for taxpayers in ITSA, from accounting periods beginning on or after 6 April 2023 for taxpayers with business or property income over £10,000 per year (that is, taxpayers who are required to submit digital quarterly updates through Making Tax Digital for ITSA); and for all other ITSA taxpayers, from accounting periods beginning on or after 6 April 2024.

The new late submission regime will be points-based, and a financial penalty of £200 issued for every missed submission on and after relevant points threshold is reached.

The new late payment regime will introduce penalties which are proportionate to the amount of tax owed and how late payment is, with no penalty chargeable on tax paid up to 15 days after the due date, a 2% penalty chargeable on tax paid between 16 and 30 days after the due date, which increases to 4% penalty chargeable on tax unpaid after 30 days, with a further 4% annualised penalty rate chargeable on outstanding tax due after 30 days.

Interest charges and repayment interest on VAT will be aligned with other tax regimes.

Read the Interest harmonisation and penalties for late submission and late payment of tax tax information and impact note for more information.

Chapter 2 - Measures announced at Budget but not in Finance Bill 2021

Personal Tax

2.1 Individual Savings Account (ISA) annual subscription limit

As announced at Budget, the adult ISA annual subscription limit for 2021 to 2022 will remain unchanged at £20,000.

This measure will apply to the whole of the UK.

2.2 Junior ISA limit

As announced at Budget, the annual subscription limit for Junior ISAs for 2021 to 2022 will remain unchanged at £9,000.

This measure will apply to the whole of the UK.

2.3 Child Trust Funds

As announced at Budget, the annual subscription limit for Child Trust Funds for 2021 to 2022 will remain unchanged at £9,000.

This measure will apply to the whole of the UK.

2.4 Extension of income tax exemption for COVID-19 related home office expenses to 2021 to 2022 tax year

As announced at Budget, the government will, by secondary legislation, extend the temporary income tax exemption and Class 1 National Insurance contributions disregard for employer reimbursed expenses that cover the cost of relevant home office equipment. The extended exemption will have effect until 5 April 2022.

Read the Extension to the temporary income tax and National Insurance Contribution exemption for home-office expenses tax information and impact note for more information.

2.5 Van benefit charge and fuel benefit charges for cars and vans from 6 April 2021

As announced by Written Ministerial Statement on 4 February 2021, the government will increase the van benefit charge and the car and van fuel benefit charges by the September 2020 Consumer Price Index. The change will have effect on and after 6 April 2021.

The government will legislate by Statutory Instrument in March 2021 to make sure the changes are reflected in tax codes for 2021 to 2022.

Read the income tax changes to benefit charges for vans and the fuel benefit charge for cars and vans tax information and impact note for more information.

Indirect Tax

2.6 VAT: No change in registration and deregistration thresholds

As announced at Budget, the VAT registration and deregistration thresholds will not change for a further period of two years from 1 April 2022. There will be no revisions to existing legislation and no new legal provisions will be introduced. Therefore, legislation will continue as follows:

• the taxable turnover threshold which determines whether a person must be registered for VAT will remain at £85,000
• the taxable turnover threshold which determines whether a person may apply for deregistration will remain at £83,000

The further 2 year period ends on 31 March 2024.

Read the Maintain VAT thresholds for 2 years from 1 April 2022 tax information and impact note for more information.

2.7 Landfill Tax: rates for 2022 to 2023

As announced at Budget the government will legislate in Finance Bill 2021 to 2022 to increase the standard and lower rates of Landfill Tax in line with RPI, rounded to the nearest 5 pence. The change will have effect on and after 1 April 2022.

The rates of Landfill Tax on and after 1 April 2020 are set out in Annex A.

2.8 Landfill Communities Fund – 2021 to 2022

As announced at Budget, the government will set the value of the Landfill Communities Fund for 2021 to 2022 at £34.4 million, with the cap on contributions by landfill operators remaining at 5.3% of their Landfill Tax liability.

2.9 Carbon Price Support Rates for 2022 to 2023

As announced at Budget the government will freeze the Carbon Price Support rate per tonne of carbon dioxide (CO2) emitted to £18 for 2022 to 2023.

The rates for Carbon Price Support from 1 April 2022 are set out in Annex A.

2.10 Aggregates Levy rate 2021 to 2022

As announced at Budget, the government will freeze the Aggregates Levy rate in 2021 to 2022 but intends to return the levy to index-linking in the future.

Aggregates Levy rates are set out in Annex A.

2.11 Setting Fuel Duty rate for 2021 to 2022

As announced at Budget fuel duty rates will remain frozen for the financial year 2021 to 2022. 

Fuel duty rates are set out in Annex A.

2.12 Alcohol Duty rates freeze

As announced at Budget, the government will freeze all alcohol duty rates. There will be no revisions to existing legislation and no new legal provisions will be introduced. 

Alcohol duty rates and allowances are set out at Annex A.  

2.13 Taxation of diesel used in private pleasure craft in Northern Ireland

As announced at Budget 2021, the government will lay secondary legislation later this year to bring into force provisions in Finance Act 2020 that will prohibit users of diesel-powered private pleasure craft in Northern Ireland from using red diesel to propel their craft.

It will also lay secondary legislation to introduce a new relief scheme in Northern Ireland to make sure craft users with only one fuel tank on board do not have to pay a higher rate of duty on their non-propulsion use than they would otherwise have to pay (those with separate fuel tanks for propulsion and non-propulsion can continue to use red diesel for non-propulsion). These changes will all take effect no later than June this year.

An updated tax information and impact note will be published alongside the secondary legislation when it is laid later this year.

Tax Administration

2.14 OECD Mandatory Disclosure Rules

The government will consult later this year on draft regulations to implement the OECD’s Mandatory Disclosure Rules, which facilitate global exchange of information on certain cross-border tax arrangements, to combat offshore tax evasion.

2.15 Electronic sales suppression

As announced at Budget, the government is introducing new powers to tackle electronic sales suppression.

The new electronic sales suppression-specific powers will make offences of the possession, manufacture, distribution and promotion of electronic sales suppression software and hardware.

There will also be electronic sales suppression-specific information powers allowing HMRC investigators to identify developers and suppliers in the electronic sales suppression supply chain and to access software developers’ source code and the locations of code and data.

The government held a call for evidence on ESS and published its response in June 2020.

The government will legislate in Finance Bill 2021 to 2022 and the measure will take effect from Royal Assent.

2.16 Tax Conditionality: licensing in Scotland and Northern Ireland

As announced at Budget, the government will make the renewal of certain licences in Scotland and Northern Ireland conditional on applicants completing checks that confirm they are appropriately registered for tax, consistent with these reforms in England and Wales.

In Scotland, this will apply to licences to drive taxis and Private Hire Cars (PHCs); operate from PHC booking offices; and be a metal dealer. In Northern Ireland, this is for licences to drive taxis.

Licensing bodies will have to obtain confirmation that an applicant has completed the check before making a decision on their renewal application, making it more difficult for non-compliant traders to operate in the hidden economy.

The new tax checks will come into force in Scotland and Northern Ireland from April 2023, building on policy announced at Budget 2020 to introduce these reforms in England and Wales from April 2022. A consultation on implementation options will be published on 23 March 2021. The government remains committed to seeking views on the wider application of tax conditionality.

Corporate Tax

2.17 Enterprise Management Incentives: call for evidence

As part of the review announced at Budget 2020, the government is publishing a consultation alongside the Budget on whether and how to expand the current Enterprise Management Incentives scheme to make sure it offers effective support for high-growth companies seeking to recruit and retain key employees.

2.18 R&D Tax Reliefs: Review

The government will carry out a review of R&D tax reliefs, with a consultation published alongside the Budget. This review will consider all elements of the two R&D tax relief schemes, to make sure the UK remains a competitive location for cutting edge research, that the reliefs continue to be fit for purpose and that taxpayer money is effectively targeted.

2.19 Corporation tax: Review of the surcharge on banking companies

Without any other action, due to the additional bank surcharge of 8%, the increase in the main corporation tax rate to 25% would make UK taxation of banks uncompetitive and damage one of our key exports.

The government believes that the combined level of bank taxation would be too high and, as announced at Budget, will therefore undertake a review of the surcharge on banking companies during 2021.

In the Autumn, the government will set out how it intends to make sure the combined rate of tax on banks’ profits does not increase substantially from its current level, that rates of taxation here are competitive with our major competitors in the US and the EU, and that the UK tax system is supportive of competition in the UK banking sector.

Changes will be legislated in Finance Bill 2021 to 2022.

Property Tax

2.20 Annual Tax on Enveloped Dwellings (ATED) – Annual chargeable amounts for 2021 to 2022 chargeable period

The ATED charges increase automatically each year in line with inflation (based on the previous September 2020).

The ATED annual charges will rise by 0.5% from 1 April 2021 in line with the September 2020 Consumer Prices Index.

A tax information and impact note has not been published for this measure, as it is a routine legislative change.

Table 1: Unchanged measures for Finance Bill 2021

This table lists measures which are part of Finance Bill 2021 where draft legislation was published for consultation either on 21 July 2020 or 12 November 2020, and where the draft legislation is unchanged.

Modernising Tax Administration

• Tackling Construction Industry Scheme abuse
• Changes to the treatment of termination payments and post-employment notice pay for income tax

Table 2: Measures in this document without a corresponding announcement in the Budget report

Measure title	Paragraph number
Powers to amend interpretation and other provisions relating to banks	1.66
Technical changes to the off-payroll working rules legislation	1.9
Extending MTD for Value Added Tax to all VAT registered businesses from 1 April 2022	1.60
Tax Conditionality: Licensing in England and Wales	1.63
Capital Gains Tax: Relief for gifts of business assets	1.18
Landfill Tax: rates for 2021 to 2022	1.42
Corporation tax exemption for The Northern Ireland Housing Executive	1.25
Repeal of provisions relating to the Interest and Royalties Directive	1.32
Administrative Amendment to Vehicle Excise Duty Expensive Car Supplement	1.52
CCL main and reduced rates	1.47
Northern Ireland Steel Import Duty	1.65
Amendment to Customs and Excise review and appeals legislation	1.51
Repeal of Carbon Emissions Tax legislation	1.53
Annual Tax on Enveloped Dwellings (ATED) – Annual chargeable amounts for 2021 to 2022 chargeable period	2.20
Plastic Packaging Tax	1.50
Tobacco Duty Rates: Consolidation of rates into Finance Bill 2021	1.49
Landfill Tax: rates for 2022 to 2023	2.7
Landfill Communities Fund-2021 to 2022	2.8
Enterprise Management Incentives (EMI): Extension of time limited exception to working time requirements	1.29
Qualifying decommissioning expenditure	1.39
Corporation Tax: technical amendments to reform of loss relief rules	1.31
Restoring plant and machinery leases to pre-Covid-19 treatment	1.38
Annual Tax on Enveloped Dwellings (ATED) and 15 per cent rate of Stamp Duty Land Tax (SDLT): Relief for Housing Co-Operatives	1.59
Amendments to HMRC Civil Information Powers	1.67
Changes to treatment of termination payments and post-employment notice pay	Table 1
Non-UK Resident SDLT Surcharge	1.58
Hybrid and other mismatches	1.28
Income Tax: rates and thresholds: tax year 2021 to 2022	1.1
Easement for employer-provided cycles exemption	1.8
Income tax exemption for employer-reimbursed COVID-19 tests for 2020-21	1.13
Optional Remuneration Arrangements: disregard for statutory parental bereavement payments	1.10
Financial support payments to potential victims of modern slavery and human trafficking: Exemption from income tax	1.11
Withdrawal of LIBOR	1.27