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Finance Bill 2019-20 published

11th July 2019

Finance Bill 2019-20 published
 
The Government has published the 2019-20 Finance Bill, following its Budget 2018 announcements. 

The key provisions include:

  • A new Digital Services Tax for large digital businesses that reflects the value derived from their UK users
  • Changes to the off-payroll working rules (IR35), to be effective from April 2020
  • Changes to protect tax in insolvency cases

A number of policy papers have also been published, including:

  • Income tax and the treatment of expenses for voluntary office holders
  • Changes to ancillary reliefs in CGT Private Residence Relief
  • CGT relief on loans to traders
  • Share loss relief for Income Tax and Corporation Tax
  • Tax abuse using company insolvencies
  • Corporate capital loss restriction for Corporation Tax

We will publish further details of the off-payroll workers rules shortly.

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