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UK: Status of Finance Bill 2018-19, related consultations

UK: Finance Bill 2018-19, related consultations

Finance Bill 2018-19 (published 7 November 2018) is proceeding through Parliament. The Finance Bill on 12 November 2018 received its second reading in the House of Commons, and the House of Commons programme was agreed.

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A Committee of the Whole House will be discussing and considering various parts of the Finance Bill on 19 and 20 November. This will include, among other items: 

  • Income tax thresholds and reliefs
  • Offshore receipts in respect of intangible property
  • Profit fragmentation
  • Hybrid mismatches
  • Controlled foreign companies
  • Capital gain tax (CGT) exit charges
  • Corporation tax exit charges
  • Entrepreneurs’ relief
  • Stamp duty and stamp duty reserve tax (SDRT)
  • Gaming duty
  • International tax enforcement and disclosure arrangements

The remainder of the Finance Bill will then be discussed in the Public Bill Committee which is scheduled to conclude no later than 11 December 2018.

 

Read a November 2018 report prepared by the KPMG member firm in the UK

 

The KPMG member firm in the UK has also produced reports of commentary on other measures announced in the Finance Bill.

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