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UK Consults on Draft Legislation for the Finance Bill 2017 to 2018

15 September 2017

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Proposed Changes

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United Kingdom

On 13 September 2017, UK HM Treasury and HMRC published the draft legislation for Finance Bill 2017 to 2018, which will be subject to confirmation as part of the Autumn Budget 2017. Policy papers for the main draft measures include the following: Bank Levy: changes to scope and administration Draft legislation: tackling disguised remuneration - avoidance schemes Income Tax: debt traded on a multilateral trading facility Landfill Tax: disposals not made at landfill sites Offshore trusts: anti-avoidance Partnership taxation: proposals to clarify tax treatment Pensions Tax registration Termination payments: removal of foreign service relief The consultation on the draft measures...