23 June 2023
The next Finance Bill date has been announced and will be held on 18 July 2023.
The government uses ‘legislation day’ to publish draft clauses and tax legislation for the next Finance Bill, to be put before parliament. Generally the focus of legislation day is on proposed measures from draft legislation and to bring conclusion to any consultations.
Financial Secretary to The Treasury, Victoria Atkins, said:
‘‘In line with the approach to tax policy making set out in the government’s documents ‘Tax Policy Making: a new approach’, published in 2010, and ‘The new Budget timetable and the tax policy making process’, published in 2017, the Government is committed, where possible, to publishing most tax legislation in draft for technical consultation before the legislation is laid before Parliament.
The Government will publish draft clauses for the next Finance Bill, which will largely cover pre-announced policy changes, on 18 July along with accompanying explanatory notes, tax information and impact notes, responses to consultations and other supporting documents. All publications will be available on the gov.uk website.’’
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.