The Finance Bill (No 2) 2017, includes all the measures that were omitted from the first Finance Act of 2017. This guide tracks the changes. Finance Bill 2017-19 was published on 1 December 2017.


Finance Bills 2017

Clauses that will apply from 6 April 2017

  • Taxable benefits: time limit for making good
  • Pensions advice
  • Legal expenses etc.
  • Money purchase annual allowance
  • EIS and SEIS: the no pre-arranged exits requirement
  • VCTs: follow-on funding
  • Social investment tax relief 
  • Business investment relief
  • Calculation of profits of trades and property businesses
  • Trading and property allowances
  • Carried-forward losses
  • Losses: counteraction of avoidance arrangements
  • Corporate interest restriction
  • Museum and gallery exhibitions
  • Grassroots sports
  • Profits from the exploitation of patents: cost-sharing arrangements
  • Hybrid and other mismatches
  • Elections in relation to assets appropriated to trading stock
  • Substantial shareholding exemption
  • Substantial shareholding exemption: institutional investors
  • Deemed domicile: income tax and capital gains tax
  • Deemed domicile: inheritance tax
  • Settlements and transfers of assets abroad: value of benefits
  • Exemption from attribution of carried interest gains
  • Inheritance tax on overseas property representing UK residential property
  • Employment income provided through third parties
  • Trading income provided through third parties
  • Disguised remuneration schemes: restriction of income tax relief
  • Disguised remuneration schemes: restriction of corporation tax relief
  • First-year allowance for expenditure on electric vehicle charging points
  • Disposals concerned with land in United Kingdom
  • Petroleum revenue tax: elections for oil fields to become non-taxable
  • Gaming duty: rates
  • Remote gaming duty: freeplay

Clauses that contain modifications:

New HMRC Policy papers on:

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