On 21 July, the government released draft legislation for this year's Finance Bill, plus details of the consultations first trailed at the Spring Budget, Accountancy Daily has consolidated these announcements with full details below
Policy announcements included proposals to extend HMRC's Making Tax Digital programme, as part of the Treasury’s long-term tax digitisation plan designed to boost national productivity and reduce avoidable errors and fraud.
Delays to draft legislation
As a result of the coronavirus pandemic, the consultation periods for the following measures were extended:
- plastic packaging tax
- R&D SME tax credit PAYE cap
- construction industry scheme abuse
- notification of uncertain tax treatment by large businesses
Draft legislation for these measures will be published later in the autumn.