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.
ICAEW representations and responses to draft legislation, along with TIINS, explanatory notes and external commentary on the Bill and Act.
The Finance Act 2020 received Royal Assent on 22 July 2020. It was originally introduced to Parliament as Finance Bill 2019–20 and later renamed Finance Bill 2020. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.
The Finance Act 2019 received Royal Assent on 12 February 2019. It was originally introduced to Parliament as Finance (No.3) Bill 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.
The Finance (No.2) Act 2017 received Royal Assent on 16 November 2017. It was originally introduced to Parliament as Finance Bill 2017-19. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.
ICAEW's Tax Faculty provides a summary of the announcements on tax and related matters in the 2021 Budget on 3 March, covering: business tax, COVID support, duties, employment taxes, environment taxes, international taxes, MTD, personal tax, property tax, tax compliance and VAT.
Rishi Sunak delivered his first Budget of 2020 on 11 March. The Tax Faculty provides its summary of all the key tax announcements in this TAXguide.
Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the 2018 Budget.
Read the Tax Faculty’s comprehensive summary of the Spring Budget 2017, covering all new announcements relating to: Making Tax Digital; business and company taxes; rates and allowances; personal and employment taxes; pensions and savings; and VAT and duties.
Technical experts from across ICAEW will be publishing a range of resources and insights in the coming weeks to help members understand the implications of the Spending Review and the Autumn Budget on 27 October. Find out more.
Writing to the Chancellor, ICAEW argues that the Autumn Budget should include additional support for businesses and local authorities on reducing carbon emissions, as well as action to improve access to private finance outside of London.
The Institute for Fiscal Studies says that there may be spending cuts in some areas of the Spending Review and Autumn Budget.
Our chart this week shines a spotlight on the UK’s public debt, focusing on the Government’s debt strategy ahead of the fast approaching Spending Review.
On 3 March 2021, the Chancellor extended coronavirus support measures, confirmed changes to corporation tax rates and the freeze of personal allowances, and outlined a series of measures aimed at supporting the rebuilding of the economy post-COVID. On 23 March HM Treasury released more than 30 announcements and documents on tax. Read ICAEW's analysis.
On 25 November 2020 Rishi Sunak will deliver the UK Spending Review. The primary purpose is to set out the government’s departmental spending plans for the 2021-22 financial year that starts on 1 April 2021, but there is a lot more to it than that. Read insights and analysis from ICAEW's experts.
On 8 July 2020 Rishi Sunak delivered a Summer Statement announcing new fiscal measures to support the UK in its recovery from the impact of the coronavirus impact. Read initial reactions and analysis from ICAEW's experts.
A response dated 5 October 2021 to a consultation published by HMT on 30 September 2021, including ICAEW’s Tax Faculty customary pre-Budget letter to the Financial Secretary to the Treasury. It calls for the acceleration of work to build a modern tax system, while urging a “manageable pace” of transition, it cautions against implementing tax changes without consultation, such as the new Health and Social Care Levy.
A response dated 14 January 2021 to the Treasury in advance of Spring Budget 2021.
ICAEW writes to the Financial Secretary on priorities for Budget 2020. These must: ensure the UK remains an internationally attractive location for business to locate and invest. The Government should prioritise work in five areas: align the UK tax system with its policy objectives, take time to get legislative change right first time, review the costs and benefits of Making Tax Digital, properly resource HMRC, and seize the opportunity presented by the UK leaving the European Union to reform VAT.
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.
The full, consolidated text of the principal UK Tax Acts, including the Finance Act 2020 and Finance Act 2021.
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