Finance Act Handbook

Tolley’s Finance Act Handbook 2021 will be out very shortly. The detailed commentary includes contributions from me on measures relating to employment income, coronavirus support schemes, income tax exemptions, and tax reliefs for designated freeport tax sites.

The length of the annual finance act – this one has more than 400 pages – reflects the number and frequency of changes to tax legislation and, up to a point, the complexity faced by people and businesses seeking to comply with the law.

But not all tax changes are found in finance acts. My commentary this time included cross-references to the National Insurance Contributions Bill and the Subsidy Control Bill now before Parliament, and new taxes are being introduced. The Health and Social Care Levy Bill has been rushed through its House of Commons stages, and the Treasury has just published draft legislation for a Residential Property Developer Tax.

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