Contact Us

288 Oxford Road, Gomersal
Cleckheaton, BD19 4PY

Search News


Finance Bill 2019-20 shelved

Source: HM Government | | 05/11/2019

The Government’s draft finance bill has been shelved as we countdown to the general election on 12 December 2019. The consultation on the draft legislation has closed, but the prorogation controversy and Brexit issues meant there was no time for the Government to respond to any of the issues raised.

The Bill contained the legislation for some of the tax measures that were announced by the Government at Autumn Budget 2018. Many of these measures have been the subject of further consultation. The measures expected to come into force from April 2020 included: the extension of off-payroll working rules to the private sector, the introduction of the Digital Services Tax and the new Corporate Capital Loss Restriction. If the Conservatives are re-elected, we are likely to see these measures revived whilst a new Government could make significant changes.

The Chancellor, Sajid Javid, cancelled the Budget that was meant to be presented to Parliament on 6 November 2019. Once again, the cancellation was in response to the calling of a general election. This leaves us with a significant gap since the last Budget was held on 29 October 2018. The next Budget will likely take place during January / February 2020. There are also issues for Scotland's Budget which is currently scheduled for 12 December 2019, and which is expected to be deferred.



 

Latest News

Employer toolkit for EU Settlement Scheme published
19/02/2020 - More...
Following Brexit, the government has published an updated toolkit for employers on how to support their employees who

Change to the off-payroll working rules
19/02/2020 - More...
As part of a review into changes to the operation of the off-payroll working rules (IR35), HMRC has announced that the

Could you claim the marriage allowance?
18/02/2020 - More...
If you are entitled to the marriage allowance and have not yet applied, you could receive a payment of up to

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login

Copyright © 2020 - Calvert Dawson

Cookie Policy | Privacy Policy

           ICAEW-White                       

 

Save

Save