Finance Bill 2017 draft legislation published
05 December 2016
Today is commonly known as L-Day, short for Legislation Day where the government publish the draft legislation for many pre-announced measures under the Finance Bill.
Over the next few days you will see several individual publications of draft legislation on the CIPP news pages which will detail the measures that the Policy Team has been involved in over the past year or so.
However the government has also published is a useful overview of draft legislation which contains the list of measures and a summary of each one - a very handy reference tool.
About Finance Bill 2017
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.