Blog archive - 2021

A live blog of the second public bill committee sitting of Finance Bill 2021 (also known as Finance (No.2) Bill), which is taking place on Thursday 22 April 2021 from 2pm. The session will cover the plastic packaging tax, and potentially changes to various duties.

 

A live blog of the first public bill committee sitting of Finance Bill 2021 (also known as Finance (No.2) Bill), which is taking place on Thursday 22 April 2021 from 11am. The session will cover capital allowance and reliefs for business, and potentially employment income.

MPs have concluded debate on the committee stage of Finance Bill 2021, with debate on tax evasion and avoidance, property taxation and support to business.

MPs debated committee stage of Finance Bill 2021, with debate on family finances, corporation tax and freeports. All clauses were retained. Government amendments relating to freeports were passed but no opposition amendments or new clauses were passed.

MPs begin debating the Finance Bill in committee today. Committee of the Whole House will take place on Monday 19 and Tuesday 20 April, with public bill committee commencing on Thursday 22 April.

This page bring together briefing notes and representations from the CIOT, our Low Incomes Tax Reform Group and our sister body, the Association of Taxation Technicians, produced for committee stage of Finance Bill 2021, which begins on Monday 19 April. 

Finance Bill 2021 has passed its second reading after a five hour House of Commons debate, MPs voting it through by 358 votes to 262.

The Scottish Parliament has confirmed the rates and thresholds for income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2021.

In this blog Joanne Walker, CIOT and LITRG technical officer, takes a look at some of the effects.

Richard Wild, Head of Tax Technical at the Chartered Institute of Taxation, assesses the annoucement of an extension to Self-Employment Income Support Scheme

John Cullinane, Director of Public Policy at the Chartered Institute of Taxation, assesses the new super deduction.