2020–21—Budget and Finance Bill—Tax analysis
2020–21—Budget and Finance Bill—Tax analysis

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

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

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 expected passage through parliament of the 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 Bill 2021, detailing its progress through Parliament to Royal Assent and describing its key provisions, see: Tax—Finance Bill 2021 tracker.

The government has confirmed that Finance Bill 2021 will be published on 11 March 2021.

Tax consultation day 2021

As announced at Spring Budget 2021, the government published a number of new consultations and updates on existing consultations on 23 March 2021, together with announcements on reforms to take forward the government’s 10–year tax administration strategy.

For our coverage of the key business tax announcements, see News Analysis: Tax consultation day—23 March 2021.

For details of the announcements affecting private clients, see News Analysis: Tax consultation day—23 March 2021—Private Client analysis.

Finance Bill 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 will now begin its progress through Parliament before becoming law as

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