UK invites feedback on tax measures for 2018

HM Treasury and HM Revenue & Customs are consulting on draft legislation for the UK’s next finance bill, which will form part of the 2018 Finance Act.

Eight consultations were published September 13, a day after members of Parliament approved the second finance bill of 2017, which will now proceed to its committee stage.

The new consultations relate to the bank levy, disguised remuneration avoidance schemes, interest on debt traded on a multilateral trading facility, landfill tax, offshore trusts, income tax for partnerships, registration of pension schemes, and payments on termination of employment. Draft legislation, explanatory notes, and tax information and impact notes are provided, and comments are invited by October 25. Read more:

My news story for Tax Analysts, September 14 (paywall)