The Government have consulted on a number of tax policies following announcements made at Budget 2016 and previously.
Today, the Government are publishing draft clauses for Finance Bill 2017, along with associated responses to consultations. This fulfils our objective to consult, where possible, on draft clauses for the Finance Bill at least three months in advance of the introduction of the Bill.
The Government will publish draft legislation for the following measures in January 2017:
Making Tax Digital
Social Investment Tax Relief
Clarification of tax treatment for partnerships
The remaining draft legislation for tax deductibility of corporate interest expense and loss relief reform will also be published in January 2017.
Further detail on the clauses published today can be found in the overview of legislation in draft, which includes corresponding tax information and impact notes. All publications will be available on the gov.uk website.