All policies back in the second 2017 Finance Bill

17 July 2017

The Finance Bill introduced in March 2017 provided for a number of changes to tax legislation that were withdrawn from the bill after the calling of the general election. The then-Financial Secretary to the treasury confirmed at the point they were withdrawn that there was no policy change and that these provisions would be legislated for at the first opportunity in the new parliament.

Ministers have now confirmed that the second 2017 Finance Bill will be introduced as soon as possible after the summer recess. This will legislate for all policies that were included in the pre-election Finance Bill.

All policies originally announced to start from April 2017 will be effective from that date.

The government has published a list of provisions that will apply from the start of the 2017/18 tax year or other point before the introduction of the forthcoming Finance Bill. Included in the list are:

  • Taxable benefits: time limit for making good

  • Pensions advice

  • Legal expenses etc

  • Money purchase annual allowance