Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Finance Bill debate

24 October 2017 / Richard Curtis
Issue: 4621 / Categories: Comment & Analysis
istock_58209840_large_fmt_6

The first sitting

KEY POINTS

  • A time limit is placed on the making good of benefits.
  • Changes to car benefit-in-kind rates to encourage the take-up of low-emission cars.
  • Increase in the limit of allowable pensions advice.
  • The pensions money purchase annual allowance will reduce to £4 000.
  • The dividend nil-rate band is reduced to £2 000.

The Public Bill Committee started scrutinising the Finance Bill on 17 October with George Howarth chairing the meeting. After the normal preliminaries (jackets could be removed only water supplied to be drunk mobile phones turned off or to silent) the Financial Secretary to the Treasury Mel Stride explained the purpose of clause 1 ‘Taxable benefits: time limit for making good’.

‘Clause 1 makes changes to ensure that there is a clear and consistent date...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon