Government publishes Finance Bill supporting documents
The government recently published draft legislation for Finance Bill 2025-26 for consultation.
The legislation includes an Inheritance Tax overhaul; measures intended to refine and simplify the Making Tax Digital for Income Tax (MTD for IT) and penalty reform regimes; tax adviser regulation; and changes to the treatment of carried interest.
Most measures included in the draft Finance Bill comprise a tax information and impact note (TIIN), which sets out what the policy seeks to achieve, and a summary of the expected impacts; draft legislation; and an explanatory note which provides a more detailed guide to the legislation.
The consultation closes on 15 September 2025. The final contents of the next Finance Bill will be decided by Chancellor Rachel Reeves.
Internet link: GOV.UK
Need Some Advice?
Looking for some help or a little advice?
Call today on 01484 534431 or fill in our enquiry form below, and we’ll call you back.
Budget choices will determine success of UK’s growth mission, says CBI
Chancellor Rachel Reeves must use the Autumn Budget to make the bold decisions necessary to get the economy firing, says the Confederation of British Industry (CBI). In its Budget submission,…Self-employed overcounted for decades by official data
Official statistics have overstated the size of the UK’s self-employed population for two decades, according to the Institute for Fiscal Studies (IFS). The share of national income flowing to those…
