Finance Bill 2021 received Royal Assent on 10 June 2021 and became Finance Act 2021.
The Bill was originally published on 11 March 2021 following the Budget on 3 March 2021. It was substantively enacted for UK GAAP and IFRS tax accounting purposes on 24 May 2021.
Companies who have been waiting to make claims to carry back their losses for up to three years under the COVID-19 Temporary extended loss carryback rules can now do so.
See our Finance Bill 2021: tax update & rolling planner for details of the changes included in Finance Act 2021 and current consultations.