Technical consultation on measures for Finance Bill 2017.
Consulting on draft legislation
The government has committed to confirming the majority of measures for inclusion in the Finance Bill at least 3 months prior to introduction of the Bill itself and, where possible, to publish draft legislation for each of these measures. This provides taxpayers with certainty about future tax changes and allows time for pre-legislative scrutiny. The consultation on draft clauses is intended to ensure that the legislation works as intended. The final contents of Finance Bill 2017 will be subject to confirmation at Budget 2017.
Many of the measures covered here were first announced at Budget 2016 and, where appropriate, consultations on policy have been carried out over the summer. The government’s responses to these consultations are mostly published on the GOV.UK website.
What has been published?
The government is publishing draft provisions for Finance Bill 2017 for consultation. Where secondary legislation will give substantive effect to the Finance Bill clause, this has also been published in draft.
Each provision 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
- an explanatory note which provides a more detailed guide to the legislation
TIINs are published in the overview of legislation in draft document, and are also available individually on the tax information and impact notes page.
Draft legislation published are available on HM Revenue and Customs draft legislation page.
Contacts and closing date
If you wish to comment on any of the draft clauses, please use the contact details provided at the end of the relevant explanatory note. The closing date for comments is Wednesday 1 February 2017.