2020–21—Budget and Finance Bill—Tax analysis [Archived]

The following Tax practice note provides comprehensive and up to date legal information covering:

  • 2020–21—Budget and Finance Bill—Tax analysis [Archived]
  • Finance Act 2021
  • Tax consultation day 2021
  • Budget and Tax Day 2021
  • Further provisions for Draft Finance Bill 2021
  • HM Treasury cancels 2020 Autumn Budget
  • Draft Finance Bill 2021

2020–21—Budget and Finance Bill—Tax analysis [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

This Practice Note draws together content on the fiscal events throughout the tax year 2020-21 starting with the publication of draft provisions for Finance Bill 2020-21 on 21 July 2020 to the passage through parliament of Finance Act 2021 (FA 2021).

For more information on the annual Budget and Finance Bill process, see Practice Note: The Budget and Finance Bill process.

For information on the Finance Act 2021, detailing its progress through Parliament to Royal Assent and describing its key provisions, see Practice Note: Tax—Finance Act 2021—progress through Parliament [Archived].

Finance Act 2021

Finance Bill 2021 (FB 2021) (officially known as the Finance (No 2) Bill, because it is the second Finance Bill of the 2019–21 Parliamentary session, and also known as Finance Bill 2020-21) was published on 11 March 2021. FB 2021 received Royal Assent on 10 June 2020 and has become the Finance Act 2021 (FA 2021).

For an overview of the FB 2021 provisions, see News Analysis: Publication of Finance Bill 2021.

For information on the Finance Act 2021, detailing its progress through Parliament to Royal Assent and describing its key provisions, see Practice Note: Tax—Finance Act 2021—progress through Parliament [Archived].

Our analysis includes:

  1. Finance Bill 2021—the super deduction and increased first-year allowances—Steven Bone of Gateley plc, discusses the super-deduction and increased

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