It has now been confirmed that, as expected, legislation providing for new corporate criminal offences of failure to prevent the facilitation of tax evasion will have effect from 30 September this year.
The Financial Guidance and Claims Bill had its Committee of Whole House stage in the Lords this week (19 July 2017). This bill will combine three financial advice bodies into one. The aims of the bill are clear but many aspects of it remain unclear to Peers. Most speakers welcomed the changes.
The last Treasury questions before the summer recess saw Labour MPs attacking corporation tax cuts and Conservatives defending them. Avoidance, Brexit, fiscal risks and the case for merging income tax and national insurance were also on the agenda.
The Government has announced that the Summer Finance Bill will not be published until after the summer recess (which means September 5th at the earliest). However it has provided some information about the content of the Bill and when measures will take effect.