Tax / Finance Bill 2019–20: draft legislation at a glance

With all consultations relating to Finance Bill 2019-20 now closed for comment, Sarah Arnold, tax writer at Croner-i, gives a rundown of the key tax changes proposed and how they will affect UK businesses and individual taxpayers when enacted after the Budget this autumn 

Tax / Chancellor adds extra £2bn public spending for Brexit

Sajid Javid has announced today extra cash for preparations ahead of the UK departure from the EU but raises fears over increased government borrowing

Tax / Pre-Brexit spending round scheduled for 4 September

The Chancellor will present details of the spending round to parliament next week, earlier than expected, setting out departmental day-to-day spending to cover the Brexit period

Tax / Plastic waste tax set for 2022 launch

The Treasury plans to go ahead with plans for a single-use plastic waste tax, covering all plastics and chargeable by weight, although it will not become law for three years

Tax / Government exempts Windrush compensation payments from tax

Payments made under the Windrush Compensation Scheme will be exempt from income tax, inheritance tax and capital gains tax, HMRC has announced

Tax / Spring Statement 2019: no Making Tax Digital extension for two years

Chancellor Philip Hammond has confirmed that Making Tax Digital will not be extended to buy-to-let landlords or businesses before 2021 at the earliest

Tax / Spring Statement 2019: draft legislation on capital allowance for non-residential buildings

As part of the Spring Statement, HMRC and the Treasury have published a consultation seeking views on draft legislation for non-residential structures and buildings capital allowance, which provides relief on eligible construction costs incurred on or after 29 October 2018

Tax / Spring Statement 2019: government to publish raft of consultations

The Spring Statement’s written ministerial statement outlines 13 consultations, draft regulations and call for evidence documents which are due to be published in the coming months, including regulations for maturing child trust funds and a consultation on extending private residence relief in capital gains tax (CGT)

Tax / Spring Statement 2019: late payment clampdown on big business

The Chancellor has announced plans to clamp down on late payments with a requirement for the audit committees at listed companies to report on their payment performance in the annual report and accounts

Tax / Spring Statement 2019: visa waiver and e-gate access post Brexit

In a Spring Statement thin on detail and shaped by the lack of progress on Brexit, the Chancellor announced plans to extend e-card immigration rights to citizens from Australia, Singapore and Japan, among others

Tax / Spring Statement 2019: apprenticeship levy reforms brought forward

In his Spring Statement, the Chancellor announced that reforms to the apprenticeship levy, announced at Budget 2018, will be brought forward a year and will now take place from 1 April 2019

Tax / Brexit crisis to overshadow Spring Statement

The Chancellor’s Spring Statement this afternoon takes place against a backdrop of continued and deepening crisis over Brexit and is likely to prove no more than the ‘filling in the sandwich’ between further votes on the terms of the UK’s withdrawal, after the government’s deal was roundly rejected last night

Tax / Scotland being ‘short changed’ over government funding

Ahead of next week’s Spring Statement, the Chancellor is being urged to address claims Scotland is being ‘short changed’ as a result of additional funding being allocated to Northern Ireland

Tax / Finance Act 2019 comes into force

The Finance Bill 2018-19 received Royal Assent on 12 February 2019 and became Finance Act 2019

Tax / Chancellor’s Brexit 'deal dividend' judged ‘not credible’

In a highly critical report on Budget 2018, MPs have said it is ‘not credible’ for the Chancellor to refer to a Brexit ‘deal dividend’ and called for the Treasury to supply more information so that the Office for Budget Responsibility (OBR) can provide a detailed Brexit assessment at the Spring Statement next month