Measures include help for taxi drivers so they can buy cleaner vehicles, removal of barriers for investment in the oil and gas industry, and the tackling of 
tax avoidance using profit fragmentation. Also included are changes to income tax rent-a-room relief, simplification of donor benefits rules for Gift Aid and changes to Optional Remuneration Arrangements rules for taxable cars and vans affecting company car owners.
For property owners, there are changes to the stamp duty land tax (SDLT) filing and payment time limits and an extension of offshore time limits for the assessment of tax.
The governments believes the measures, which implement tax policies announced in recent fiscal events, will demonstrate their commicommitment to a competitive and fair tax system.
As part of the government’s new single fiscal event timetable, earlier publication of Finance Bill legislation allows more time for scrutiny of tax measures, giving greater certainty and stability to taxpayers. The consultation runs until the end of August and will be approved at the Autumn Budget, likely to take place in November.
The scope of this draft legislation encompasses the following areas:
Making Tax Digital
- Making Tax Digital: interest harmonisation and sanctions for late payment
Employer contributions
- Abolition of receipt checking for benchmark scale rates and changes to overseas scale rates
- Income Tax rent a room relief
- Simplification of donor benefits rules for Gift Aid
- Changes to Optional Remuneration Arrangements rules for taxable cars and vans
- Workplace charging for all-electric and plug-in hybrid vehicles
- Changes to the taxation of emergency vehicles
- Reform of employer contributions into life assurance and overseas pension schemes
Business tax draft legislation
- Income Tax and Corporation Tax response to accounting changes for leasing
- Corporation Tax changes to the corporate interest restriction rules
- Climate Change Levy exemption for mineralogical and metallurgical processes
- Changes to the Corporation Tax reform of loss relief rules
- Corporation Tax on UK property income of non-UK resident companies
- Oil and gas taxation: transferable tax history and retention of decommissioning expenditure
Indirect tax draft legislation
- HGV levy tax information and impact note
- VAT grouping eligibility criteria changes
- Exempt zero-emission capable taxis from Vehicle Excise Duty expensive car supplement
- Changes to Gaming duty accounting periods and administration
Stamp duty draft legislation
- Stamp Duty exemption for financial institutions in resolution
- Changes to the Stamp Duty Land Tax filing and payment time limits
Tax administration and anti-avoidance draft legislation
- Extension of offshore time limits for the assessment of tax
- Extension of security deposit legislation
- Interest harmonisation and sanctions for late payment
- Technical note on Capital Gains Tax and Corporation Tax for non-residents on UK property
- Profit fragmentation
EU directives draft legislation
- VAT treatment of vouchers
- Implementing a directive on tax dispute resolution mechanisms in the EU
- Anti-Avoidance Directive about controlled foreign companies and EU Exit
- Changes to the Corporation Tax exit charges
- Hybrid and other mismatches Anti-Tax Avoidance Directive
- International Tax Enforcement disclosable arrangements
Capital Gains Tax draft legislation
- Capital Gains Tax and Corporation Tax on UK property gains
- Entrepreneurs’ Relief where shareholding ‘diluted’ below the 5% threshold
- Deferral of exit charge payments for Capital Gains Tax
Full details about the draft legislation can be found on the .Gov website.
