Market leading insight for tax experts
View online issue

Finance Bill 2020 passes second reading

printer Mail

Finance Bill 2020 was published on 19 March 2020. Second reading took place on Monday 27 April 2020 under the new ‘hybrid substantive proceedings’ arrangements in the House of Commons.

On the same day a programme motion was agreed, setting out the general timetable for the Bill’s progress through Parliament. The Bill will now move to a Public Bill Committee, which will conclude its work by Thursday 25 June 2020 at the latest.

During the House of Commons debate at second reading, Jesse Norman, Financial Secretary to the Treasury, confirmed that the Bill will be amended in due course to legislate for the new 6 April 2021 commencement date for the private sector IR35 reforms, as previously announced. The Government will use the additional time to commission further external research into the long-term effects of the reforms in the public sector, with the intention that that research will be available before April 2021, according to Mr Norman.

Issue: 1485
Categories: News