List of provisions that will apply from the start of the 2017/18 tax year or other point before the introduction of the forthcoming Finance Bill
By HM Treasury and HMRC
The second 2017 Finance Bill, which the Government has announced will be introduced in the autumn, will legislate for policies that have already been announced. This includes a number of provisions that have been announced as applying from the start of the 2017/18 tax year or other point before the introduction of the forthcoming Finance Bill. The Government has confirmed that these dates of application will be retained and that those affected by the provisions should continue to assume that they will apply as originally announced. To provide maximum certainty for taxpayers, the list below sets out all the provisions to which this applies.
Taxable benefits: time limit for making good
Pensions advice
Legal expenses etc.
Money purchase annual allowance
EIS and SEIS: the no prearranged 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