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UK Finance Act 2017 and Criminal Finances Act 2017 Receive Royal Assent

02 May 2017

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Approved Changes

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United Kingdom

On 27 April 2017, both the Finance Act 2017 and the UK Criminal Finances Act 2017 received Royal Assent (were enacted). As {News-2017-04-27/P/4- previously reported}, the Finance Act as passed contains mostly standard annual provisions, such as the setting of the income and corporation tax charge and rates, while several important measures were removed, such as those related to the use of losses and interest deduction restrictions (still expected in future legislation). In addition to the tax charge and rates, the Finance Act also includes various provisions regarding the taxation of employee remuneration and pensions income, certain value added tax...