UK government set to consult on tax measures for 2018

Draft clauses for a finance bill to be introduced after the UK’s autumn budget will be published for consultation on September 13 as part of the transition to a new budget timetable.

The consultation on the measures earmarked for Finance Act 2018 will be open until October 25. “The transition means there are fewer clauses than in recent years, but pre-legislative scrutiny will again help consideration of the bill,” said Mel Stride, financial secretary to the Treasury.

Disruption caused by the general election contributed to an unusually high number of retrospective tax measures earmarked for the second finance bill of 2017, expected to be published on September 8, he told members of Parliament. Read more:

My news story for Tax Analysts, September 8 (paywall)