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Budgets and legislation

Find information and Tax Faculty analysis on the latest UK Budget and finance legislation, as well as details of historic announcements, Finance Bills and Acts.

In this section

Finance (No.3) Bill 2018

The Finance (No.3) Bill will be published on Wednesday 7 November 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance (No.2) Act 2017

The Finance (No.2) Act 2017 received Royal Assent on 16 November 2017. It was originally introduced to Parliament as Finance Bill (No.2) 2017. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance Act 2017

The Finance Act 2017 received Royal Assent on 27 April 2017. It was originally introduced to Parliament as Finance (No.2) Bill 2016-17. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance Act 2016

The Finance Act 2016 received Royal Assent on 15 September 2016. On this page you can find guidance, parliamentary papers, representations and other commentary on the Act's progress through parliament.

Autumn Budget 2017 Report

Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the Autumn Budget of 2017, covering: business and company tax; personal and employment taxes; pensions and savings; VAT and duties; avoidance, evasion and compliance.

TAXguide 06/17- Budget Report

Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the Spring Budget of 2017, covering: Making Tax Digital; business and company tax; personal and employment taxes; pensions and savings; VAT and duties; avoidance, evasion and compliance.

Latest articles

Previous Budget reaction

Read ICAEW's reaction to previous UK Budgets and statements.

Spring statement 2018

On 13 March, Chancellor Philip Hammond presented his first streamlined Spring Statement. Here you can find reactions to the statement from ICAEW's chief executive and experts from the Tax Faculty, as well as the insights from the ICAEW's latest economic forecast for the UK published ahead of the statement.

Autumn Budget 2017

"Not strong, but stable" - Michael Izza's description of Philip Hammond's second Budget. Read the ICAEW CEO's reaction in full, alongside expert analysis of the implications for tax, business and the UK economy.

UK Spring Budget 2017

Today Philip Hammond will deliver the last Spring Budget ahead of the switch to Autumn Budgets and Spring Statements. ICAEW will be bringing you initial reactions from its CEO, Michael Izza, as well as its technical experts on the implications for businesses, tax and the economy overall.

Latest representations

ICAEW Rep 115/18: Budget Autumn 2018

ICAEW's Tax Faculty has responded to HM Treasury's invitation for comments ahead of the 2018 Budget. The response concludes that there should be no new policy initiatives on tax at this time. Attention should instead be given to enabling taxpayers easily to fulfil their obligations and to understand their entitlements. Coping with HMRC’s digital systems has been made more difficult by the number of policy changes.

ICAEW REP 137/17

FB 2017-19 (FB 2017-18) Clause 35 & Schedule 10 Offshore trusts

ICAEW Rep 143/17

F2B17-19 Clause 11-12 Schedule 1-2 Disguised remuneration