House of Commons · Written Ministerial Statement
Finance Bill 2020-21 draft legislation and tax documents
21 July 2020 · Treasury
Proposed by Jesse Norman Con Hereford and South Herefordshire
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK Government publishes draft legislation for Finance Bill 2020-21
- Consultation periods extended due to the COVID-19 outbreak
- Roadmap for Making Tax Digital announced alongside various tax policy documents publication
Issue summary
The UK Government is publishing draft legislation for Finance Bill 20-21 and announcing policy changes, consultations, and previously announced tax documents.
Action requested
The Government extends consultation periods due to the COVID-19 outbreak, announces a roadmap for Making Tax Digital, and publishes various tax policy documents. It also outlines plans for business rates revaluation, small brewers relief, post-EU exit alcohol review, and calls for evidence on reforming the duty system by end September 2020.
Key facts
- Government extends consultation periods for Plastic Packaging Tax, R&D SME Tax Credit PAYE Cap, Construction Industry Scheme abuse, and Notification of uncertain tax treatment.
- Making Tax Digital roadmap and long-term plans for tax administration reform are announced.
- Call for evidence on duty system reform to support alcoholic drinks and pubs sector by end September 2020.
- Draft legislation and policy documents published as per Spring Budget announcements.