Finance Bill

The Finance Bill was published on 4 November 2021 (along with Explanatory Notes). The CIOT will be continuing its engagement with HMRC and HMT regarding measures included in the Bill, and providing briefings to politicians. If you have any comments on the Bill that you would like to share, please send to [email protected] as soon as possible. 

The CIOT issued a press release which highlighted that the Bill introduces two new taxes – the Residential Property Developer Tax and an Economic Crime (Anti-Money Laundering) Levy - taking the total number of taxes introduced this century to 20.

Related submissions

Read how the CIOT responded to the Draft Finance Bill here.

Legislation to reform ‘basis periods’ is included in the Finance Bill. Read how the CIOT responded to the basis period reform consultation and draft legislation here.

Read the CIOT’s evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee Inquiry into the Draft Finance Bill (which considered the reform to basis periods and the requirement for large businesses to notify uncertain tax treatment) here.