Finance (no. 3) Bill 2017-19 becomes Finance Act 2019

18 February 2019

The Finance Bill, the third one to be introduced, has eventually received parliamentary approval from both the House of Commons and the House of Lords and has become the Finance Act 2019.


Finance (no. 3) Bill 2017-19, the third Finance Bill to be introduced for the 2017-2019 Parliamentary session, received Royal Assent on 12 February 2019.


The key measures of interest to the payroll profession include:


  • Income tax charge for tax year 2019-20

  • Main rates of income tax for tax year 2019-20

  • Default and savings rates of income tax for tax year 2019-20

  • Basic rate limit and personal allowance

  • Starting rate limit for savings for tax year 2019-20

  • Optional remuneration arrangements: arrangements for cars and vans

  • Exemption for benefit in form of vehicle-battery charging at workplace

  • Exemptions relating to emergency vehicles

  • Exemption for expenses related to travel

  • Beneficiaries of tax-exempt employer-provided pension benefits

  • First-year allowance: expenditure on electric vehicle charge points

  • Changes to periods for delivering returns and paying tax

  • Resolution of double taxation disputes

  • International tax enforcement: disclosable arrangements


The Explanatory Notes includes an easy to read list of the clauses and also contains a useful table denoting the geographical extent of the measures.


Finance Act 2019