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Finance (No.2) Bill 2015

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On 21 October 2015, the government tabled four new clauses on: venture capital schemes; corporation tax instalment payments; carried interest; and corporation tax on restitution interest (see separate news item). A number of amendments were tabled to: clauses 3 and 4 (personal allowance and national minimum wage); cl 18 (banks’ expenses relating to compensation); cl 24 (finance costs of residential property businesses); Sch 3 (bank surcharge); Schs 5 and 6 (EIS and VCTs); cl 40 (carried interest); and cl 41 (disguised investment management fees).

The Bill completed its report stage in the House of Commons on 26 October, and had its first reading in the House of Lords on 27 October; further readings and stages as well as the date of royal assent are yet to be scheduled. See

Issue: 1283
Categories: News