Policy paper

Finance Bill 2025-26: Public Bill Committee

Explanatory Notes for government amendments in Public Bill Committee of Finance Bill 2025-26.

• From: HM Revenue & Customs
• Published: 21 January 2026

Documents

Amendments 5 to 8 to Clause 24: Umbrella companies

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Amendments 21 to 24 to clause 50 and Schedule 8: Pillar two

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Amendments 26 to 28 to clause 100 and Schedule 14: Aggregates levy: amendments relating to disapplication of levy to Scotland

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Amendment 12 to clause 110: Increase to rates of levy

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Amendment 15 to clause 146: Rate

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Details

The government tabled the following amendments for the Public Bill Committee of Finance Bill 2025-26, that need the following updated explanatory notes:

• Amendments 5 to 8 to clause 24: Umbrella companies
• Amendments 21 to 24 to clause 50 and Schedule 8: Pillar Two
• Amendments 26 to 28 to clause 100 and Schedule 14: amendments relating to disapplication of levy to Scotland
• Amendment 12 to clause 110: Increase to rates of levy
• Amendment 15 to clause 146: Rate

Published 21 January 2026