Market leading insight for tax experts
View online issue

L-day 2021 next Tuesday

printer Mail

The government has confirmed in a written statement that draft legislation for the next Finance Bill will be published on Tuesday 21 July 2020. The draft will ‘largely cover pre-announced policy changes’ and will be accompanied by explanatory notes and other supporting documentation.

This represents a return to the government’s previously published approach set out in its new Budget timetable and tax policy making process document from December 2017, where the intention was to publish tax legislation in draft for consultation in good time before introducing the Finance Bill towards the end of the calendar year, with the resulting Finance Act receiving royal assent before the start of the following tax year. 

Issue: 1496
Categories: News