Information since 7 Dec 2023, 1:35 p.m.
| Parliamentary Debates |
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Finance Bill
48 speeches (14,508 words) Report stage Monday 5th February 2024 - Commons Chamber HM Treasury Mentions: 1: James Murray (LAB - Ealing North) was extended by the Finance Act 2021, again by the Finance Act 2022, and then made permanent by the Finance - Link to Speech |
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Finance Bill
53 speeches (17,079 words) Committee of the whole House Wednesday 10th January 2024 - Commons Chamber HM Treasury Mentions: 1: James Murray (LAB - Ealing North) extended by the Finance Act 2021, extended again by the Finance Act 2022, and then made permanent by the Finance - Link to Speech 2: James Murray (LAB - Ealing North) they are intended to modify the existing multinational and domestic top-up taxes introduced in the Finance - Link to Speech |
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Finance Bill
59 speeches (17,813 words) 2nd reading Wednesday 13th December 2023 - Commons Chamber HM Treasury Mentions: 1: James Murray (LAB - Ealing North) The Finance Act 2023 again changed the rates of R&D tax reliefs, and that same year the Finance ( - Link to Speech 2: Priti Patel (Con - Witham) (No. 2) Act 2023 went through Parliament last year, it contained more than 150 clauses, which were spread - Link to Speech |
| Select Committee Documents |
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Wednesday 17th April 2024
Written Evidence - Propertymark WCC0021 - Work of the County Court Work of the County Court - Justice Committee Found: and how this could be improved. 5 Renters (Reform) Bill - Parliamentary Bills - UK Parliament 6 Finance |
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Thursday 1st February 2024
Report - 2nd Report - Research and development tax relief, HMRC data requirements, promoters of tax avoidance and sentencing for tax fraud Finance Bill Sub-Committee Found: Research and Development Tax Relief 7 Background 7 The Research & Development Review 7 Initial reforms—Finance |
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Friday 8th December 2023
Report - Second Report - Edinburgh Reforms One Year On: Has Anything Changed? Treasury Committee Found: From April 2023, improving the tax rules for Real Estate Investment Trusts (REITs).Legislated via Finance |
| Secondary Legislation |
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Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations 2024 These Regulations amend the Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (“the principal Regulations”) which make provision for and in connection with the tax consequences of a transfer of the business or engagements of a mutual society. The amendments made by these Regulations apply the provisions of the Corporation Tax Act 2010 in relation to carried forward trading losses on a transfer of business between building societies. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Wednesday 24th April - In Force: 15 May 2024 Found: Chapter 2E was inserted by paragraph 79 of Schedule 4 to the Finance (No. 2) Act 2017 (c. 32). (4)Chapter |
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Trade Remedies (Amendment) Regulations 2024 These Regulations amend the Trade Remedies (Dumping and Subsidisation) (EU Exit) Regulations 2019 (S.I. 2019/450) (the “Dumping and Subsidisation Regulations”), the Trade Remedies (Increase in Imports Causing Serious Injury to UK Producers) (EU Exit) Regulations 2019 (S.I. 2019/449) (the “Safeguards Regulations”) and the Trade Remedies (Reconsideration and Appeals) (EU Exit) Regulations 2019 (S.I. 2019/910) (the “Reconsideration and Appeals Regulations”). Department for Business and Trade Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 23rd April - In Force: 23 May 2024 Found: Taxation (Cross-border Trade) Act 2018 (“the 2018 Act”) (1), and paragraph 16(1) of Schedule 19 to the Finance |
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International Tax Compliance (Amendment) Regulations 2024 These Regulations amend the International Tax Compliance Regulations 2015 (“the principal Regulations”), which give effect to agreements and arrangements reached between the United Kingdom and other jurisdictions in relation to international tax compliance. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 23rd April - In Force: 14 May 2024 Found: May 2024The Treasury make these Regulations in exercise of the powers conferred by section 349 of the Finance |
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Trade Remedies (Increase in Imports as a Result of a Free Trade Agreement Causing Serious Injury to UK Producers) Regulations 2024 These Regulations are made under sections 13 and 32 of, and Schedule 5 to the Taxation (Cross-border Trade) Act 2018 (“the Act”), as applied by Schedule 5A to that Act in relation to bilateral safeguarding remedies. Department for Business and Trade Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 16th April - In Force: 13 May 2024 Found: (No. 2) Act 2023(3). |
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Investment Allowance and Cluster Area Allowance (Investment Expenditure) (Amendment) Regulations 2024 The Finance Act 2015 introduced the Supplementary Charge Investment Allowance and Cluster Area Allowance. The allowances are available to oil and gas companies investing in upstream production in the United Kingdom and on the United Kingdom Continental Shelf. The allowances were initially only available for capital expenditure. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Wednesday 20th March - In Force: 11 Apr 2024 Found: Section 18(1) was amended by section 12(6)(b) of the Finance (No. 2) Act 2023 (c. 30) |
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Designation of Special Tax Sites (Liverpool City Region, West Midlands and North East Investment Zones) Regulations 2024 These Regulations designate areas, known as “special tax sites”, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 (c. 2) (“CAA 2001”) and Part 4 (stamp duty land tax) of the Finance Act 2003 (c. 14) (“FA 2003”). HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Monday 18th March - In Force: 8 Apr 2024 Found: Section 113 was amended by section 331 of, and paragraph 19 of Schedule 23 to, the Finance (No. 2) Act |
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Designation of Special Tax Sites (Inverness and Cromarty Firth Green Freeport) Regulations 2024 These Regulations designate areas, known as “special tax sites”, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 (c. 2) (“CAA 2001”). HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Monday 18th March - In Force: 8 Apr 2024 Found: Section 113 was amended by section 331 of, and paragraph 19 of Schedule 23 to, the Finance (No. 2) Act |
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Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 References in this Explanatory Note to “FA” followed by a year are to the Finance Act of that year. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Thursday 14th March - In Force: 6 Apr 2024 Found: make provision in connection with the abolition of the lifetime allowance charge by section 18 of the Finance |
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Research and Development (Chapter 2 Relief) Regulations 2024 These Regulations relate to the additional relief for research-and-development-intensive, loss-making small or medium-sized enterprises under Chapter 2 of Part 13 of the Corporation Tax Act 2009 (“CTA 2009”) as it applies in relation to accounting periods beginning on or after 1st April 2024. They provide for specific rules to apply to companies with a registered office in Northern Ireland in two ways. First, payments by such companies for R&D undertaken outside the United Kingdom will qualify for Chapter 2 relief without the company having to show that special circumstances exist (of the sort referred to in section 1138A(2) and (3) of CTA 2009). Second, the additional benefit obtained by such companies from claiming Chapter 2 relief instead of R&D expenditure credit (under Chapter 1A of Part 13 of CTA 2009) will not exceed £250,000 over any 3-year period. These provisions take account of the specific market conditions in Northern Ireland. The limit on relief will protect against the fiscal risk from the more generous treatment of overseas expenditure. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Monday 11th March - In Force: 1 Apr 2024 Found: (No. 2) Act 2017 (c. 32), the Finance Act 2021 (c. 26), the Finance Act 2023 (c. 1) and the Finance |
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Single Trade Window (Establishment, Operation and Information) Regulations 2024 These Regulations are made in exercise of the powers conferred by section 31(1) and (2) of the European Union (Future Relationship) Act 2020 (c. 29), in order to implement the obligations of the United Kingdom under Article 118 of the Trade and Cooperation Agreement between the United Kingdom of Great Britain and Northern Ireland, of the one part, and the European Union and the European Atomic Energy Community, of the other part (“the Trade and Cooperation Agreement”). Article 118 of the Trade and Cooperation Agreement relates to establishment of a single window (“single trade window”) that enables traders to submit documentation or data required for importation, exportation or transit of goods through a single entry point to participating authorities or agencies. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 5th March - In Force: 1 May 2024 Found: and paragraphs 44 and 45 of Schedule 5, to the Armed Forces Act 2021 (c. 35), section 352(4) of the Finance |
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Income Tax (Digital Requirements) (Amendment) Regulations 2024 These Regulations amend the Income Tax (Digital Requirements) Regulations 2021 (“the principal Regulations”) which make provision for digital reporting and record keeping in relation to income tax. Parliamentary Status - Text of Legislation - Made negative Laid: Thursday 22nd February - In Force: 14 Mar 2024 Found: Schedule A1 was inserted by section 60 of the Finance (No. 2) Act 2017 (c. 32). (2)S.I. 2021/1076. (3 |
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Value Added Tax (Distance Selling) (Amendments) Regulations 2024 These Regulations amend Schedules 9ZD and 9ZE and Parts 1 and 2 of Schedule 9ZF to the Value Added Tax Act 1994 (c. 23) (“VATA 1994”), which introduced two optional schemes to simplify VAT accounting on distance selling transactions. HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Wednesday 7th February - In Force: 1 Mar 2024 Found: Finance Act 2021. (18)2021 c. 26. (19)Paragraph 1 of Schedule 26 was amended by section 335 of the Finance |
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Designation of Special Tax Sites (Humber Freeport) Regulations 2024 These Regulations designate areas, known as “special tax sites”, as special areas for the purposes of Parts 2 (plant and machinery allowances) and 2A (structures and buildings allowances) of the Capital Allowances Act 2001 (c. 2) (“CAA 2001”) and Part 4 (stamp duty land tax) of the Finance Act 2003 (c. 14) (“FA 2003”). HM Treasury Parliamentary Status - Text of Legislation - Made negative Laid: Tuesday 23rd January - In Force: 13 Feb 2024 Found: Section 113 was amended by section 331 of, and paragraph 19 of Schedule 23 to, the Finance (No. 2) Act |
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Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024 These Regulations amend the Social Security (Contributions) Regulations 2001 (“the Contributions Regulations”) and the National Insurance Contributions Act 2022 (“the NICA 2022”). The amendments have effect from 6th April 2024. HM Treasury Parliamentary Status - Text of Legislation - Draft affirmative Laid: Monday 15th January - In Force: 6 Apr 2024 Found: Schedule 3 to the Transfer Order. (9)Section 12(2) was amended by paragraph 26 of Schedule 23 to the Finance |
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Court Funds (Amendment No. 2) Rules 2023 These Rules amend the Court Funds Rules 2011 (S.I. 2011/1734) (“the 2011 Rules”). The 2011 Rules relate to funds in court that are vested in the Accountant General under section 38 of the Administration of Justice Act 1982 (c. 53). The 2011 Rules govern the administration and management of funds in court by the Accountant General. These Rules amend the 2011 Rules for two purposes, the first pursuant to provision made by section 350 of the Finance (No. 2) Act 2023 (c. 30), and the second to make a correction in rule 6A. Ministry of Justice Parliamentary Status - Text of Legislation - Made negative Laid: Thursday 14th December - In Force: 1 Feb 2024 Found: Rules amend the 2011 Rules for two purposes, the first pursuant to provision made by section 350 of the Finance |
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Iran (Sanctions) Regulations 2023 These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to establish a sanctions regime in relation to Iran for the purpose of encouraging the Government of Iran to comply with international human rights law and to respect human rights and to deter the Government of Iran or an armed group backed by the Government of Iran from conducting hostile activity against the United Kingdom and other countries. Foreign, Commonwealth & Development Office Parliamentary Status - Text of Legislation - Made affirmative Laid: Wednesday 13th December - In Force: 14 Dec 2023 Found: Act 2021 (c. 35), section 24(1) and Schedule 5, paragraphs 44 and 45 and Schedule 4, paragraph 2; the Finance |
| Parliamentary Research |
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Direct taxes: rates and allowances for 2024/25 - CBP-9993
Apr. 05 2024 Found: Statutory provision was made by sections 331- 2 of Finance (No.2) Act 2023 , and subsequent regulations |
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Finance Bill: HL Bill 45 of 2023–24 - LLN-2024-0007
Feb. 15 2024 Found: This measure was initially announced at the spring budget 2023 and the Finance (No. 2) Act 2023 began |
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e-petition debate on allowances and tax arrangements for foster carers - CDP-2023-0233
Dec. 14 2023 Found: would be increased in line with inflation. 17 Statutory provision for this measure was included in the Finance |
| Bill Documents |
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Mar. 13 2024
Bill 179 EN 2023-24 - large print Finance (No. 2) Bill 2023-24 Explanatory Notes Found: No. 2) BILL 100 Clause 26: Short title This clause provides for the bill to be known as “Finance |
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Mar. 13 2024
Bill 179 EN 2023-24 Finance (No. 2) Bill 2023-24 Explanatory Notes Found: This clause provides for the bill to be known as “Finance (No. 2) Act 2024” upon Royal Assent. |
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Mar. 13 2024
Bill 179 2023-24 (as introduced) - large print Finance (No. 2) Bill 2023-24 Bill Found: Chargeable Gains Act 1992 VATA 1994 Value Added Tax Act 1994 26 Short title This Act may be cited as the Finance |
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Mar. 13 2024
Bill 179 2023-24 (as introduced) Finance (No. 2) Bill 2023-24 Bill Found: 1992 Value Added Tax Act 1994 23 VATA 1994 26 Short title 25 This Act may be cited as the Finance |
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Feb. 15 2024
Finance Bill: HL Bill 45 Finance Act 2024 Briefing papers Found: This measure was initially announced at the spring budget 2023 and the Finance (No. 2) Act 2023 began |
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Feb. 06 2024
HL Bill 45 (as brought from the Commons) Finance Act 2024 Bill Found: 2009 Corporation Tax Act 2010 12 CTA 2010 Finance Act of that year 13 FA followed by a year Finance |
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Jan. 16 2024
Written evidence submitted by the Chartered Institute of Taxation - Clauses 13-15 and 17, relating to Employment Taxes and Pensions (FB07) Finance Act 2024 Written evidence Found: The LTA was abolished through Finance (No. 2) Act 2023. |
| Department Publications - Policy and Engagement |
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Tuesday 2nd April 2024
HM Treasury Source Page: Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024 Document: Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024 (PDF) Found: (No. 2) Act 2017 (b) and section [x] of the Finance (No.2) Act 2024 (c). |
| Non-Departmental Publications - Open consultation |
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Apr. 02 2024
HM Revenue & Customs Source Page: Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024 Document: Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024 (PDF) Open consultation Found: (No. 2) Act 2017 (b) and section [x] of the Finance (No.2) Act 2024 (c). |
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Mar. 14 2024
HM Revenue & Customs Source Page: Draft legislation: Improving the data HMRC collects from its customers Document: (webpage) Open consultation Found: There is also an amendment to section 8(1) by paragraph 3(3) of Schedule 14 to the Finance (No. 2) Act |
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Mar. 14 2024
HM Revenue & Customs Source Page: Draft legislation: Improving the data HMRC collects from its customers Document: (webpage) Open consultation Found: has the meaning given in section 402A(1) of ITEPA(7) Section 402A was inserted by section 5(3) of the Finance |
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Feb. 05 2024
HM Revenue & Customs Source Page: Draft regulations: The Alcoholic Products (Excise Duty) (Amendment) Regulations 2024 Document: (webpage) Open consultation Found: Revenue and Customs make these Regulations in exercise of the powers conferred by sections 1 and 2 of the Finance |
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Jan. 31 2024
HM Revenue & Customs Source Page: Draft regulations: amendment to The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 Document: (webpage) Open consultation Found: Chapter 2E was inserted by paragraph 79 of Schedule 4 to the Finance (No. 2) Act 2017 (c. 32).) would |
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Dec. 21 2023
HM Revenue & Customs Source Page: Draft guidance on Multinational Top-up Tax and Domestic Top-up Tax Document: Draft guidance on Multinational Top-up Tax and Domestic Top-up Tax (webpage) Open consultation Found: This will include a section on determining top-up tax amounts (covering chapters 6-8 of Part 3 of Finance |
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Dec. 21 2023
HM Revenue & Customs Source Page: Draft guidance on Multinational Top-up Tax and Domestic Top-up Tax Document: (webpage) Open consultation Found: of the Multinational Top-up Tax (MTT) and Domestic Top-up Tax (DTT) legislation, in Parts 3 and 4 of Finance |
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Dec. 12 2023
HM Revenue & Customs Source Page: Construction Industry Scheme (CIS) proposed amendments Document: Finance Bill 202 (PDF) Open consultation Found: 2009 Corporation Tax Act 2010 12 CTA 2010 Finance Act of that year 13 FA followed by a year Finance |
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Dec. 12 2023
HM Revenue & Customs Source Page: Construction Industry Scheme (CIS) proposed amendments Document: explanatory notes. (PDF) Open consultation Found: This clause amends first -year allowances introduced in Finance (No.2) Act (F(No.2)A) 2023. |
| Non-Departmental Publications - Policy paper |
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Feb. 21 2024
HM Revenue & Customs Source Page: Finance Bill 2023-2024 — Lords Stage Document: Explanatory notes — Finance Bill 2023-2024 (PDF) Policy paper Found: This clause amends first -year allowances introduced in Finance (No.2) Act (F(No.2)A) 2023. |
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Dec. 18 2023
HM Revenue & Customs Source Page: Introduction of a new investment exemption for the Electricity Generator Levy Document: (webpage) Policy paper Found: from a project as not being generation of a relevant generating station, as defined in section 280(1) Finance |
| Draft Secondary Legislation |
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The Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024 These Regulations amend the Social Security (Contributions) Regulations 2001 (“the Contributions Regulations”) and the National Insurance Contributions Act 2022 (“the NICA 2022”). The amendments have effect from 6th April 2024. HM Treasury Found: Schedule 3 to the Transfer Order. (9)Section 12(2) was amended by paragraph 26 of Schedule 23 to the Finance |
| Deposited Papers |
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Friday 19th April 2024
Source Page: Letter dated 17/04/2024 from Lucy Frazer MP to Chris Bryant MP regarding the Labour Party and Creative Tax Reliefs. 2p. Document: Lucy_Frazer-reply_to_Chris_Bryant_April_2024_1.pdf (PDF) Found: By voting against the Finance (No. 2) Act 2017 at Second Reading, Labour opposed tax relief for the sports |
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Friday 19th January 2024
Source Page: Letter dated 15/01/2024 from Nigel Huddleston MP to Laurence Robertson MP and Ian Paisley MP regarding the secondary legislation under the Finance Bill 2023-24 Bill and details on each power being taken. 13p. Document: Paisley.pdf (PDF) Found: .… …………………………………………………………... 10 Clause 21 Schedule 12: Ensuring consistency of Parts 3 and 4 of Finance |