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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 2017-19. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

The Finance Act

Finance (No. 2) Act 2017
Full text of the Act as enacted on 16 November 2017.

Explanatory notes
Budget Resolutions and explanatory notes.

The Finance Bill

The Bill
Text of the Bill as published on 8 September 2017.

Finance Bill: September 2017
Collection of supporting documents and information for the Bill.

Finance Bill 2017-19
Timeline tracking the Bill's progress through Parliament.


The Tax Faculty has news and commentary on Finance Bill 2017-19. This includes:

Summary of Finance Bills and Acts issued between 2015 and 2017

Bill Publication Act Royal Assent Notes
Finance (No.2) Bill 2017-19 1 December 2017 Finance Act 2018 15 March 2018  
Finance Bill 2017-19 8 September 2017 Finance (No.2) Act 2017 16 November 2017  
Finance (No.2) Bill 2016-17 20 March 2017 Finance Act 2017 27 April 2017 Truncated, pre-election Bill
Finance Bill 2016-17
19 May 2016
Finance Act 2016
15 September 2016
Finance (No.2) Bill 2015-16 24 March 2016 See Finance Bill 2016-17
The Bill's passage through Parliament ran over two Parliamentary sessions
Finance Bill 2015-16 15 July 2015 Finance (No.2) Act 2015 18 November 2015
Finance (No.2) Bill 2014-15 24 March 2015 Finance Act 2015 26 March 2015 Truncated, pre-election Bill

Articles and books in the Library collection

The ICAEW Library & Information Service holds reference copies of the British Tax Review journal, which publishes special editions containing in-depth notes on each Finance Act. Issue number 5, 2017, covers the following sections/schedules of the Finance (No.2) Act 2017:

  • Section 9: life insurance policies: recalculating gains on part surrenders etc
  • Section 11: EIS and SEIS: the no pre-arranged exits requirement;
  • Sections 12–13 VCTs: follow-on; exchange of non-qualifying shares and securities
  • Section 15: business investment relief
  • Sections 16–17 and Schedules 2 and 3: trading and property businesses
  • Sections 18–19 and Schedule 4: carried-forward losses; counteraction of avoidance arrangements
  • Section 20 and Schedule 5: corporate interest restriction
  • Section 24: hybrid and other mismatches
  • Section 26: elections in relation to assets appropriated to trading stock
  • Sections 27–28: substantial shareholding exemption
  • Sections 29–30 and Schedule 8: deemed domicile: income tax, capital gains tax, inheritance tax;
  • Section 31 and Schedule 9: settlements and transfer of assets abroad: value of benefits
  • Section 32: exemption from attribution of carried interest gains
  • Section 33 and Schedule 10: inheritance tax on overseas property representing UK residential property
  • Sections 34–37 and Schedules 11 and 12: disguised remuneration
  • Sections 48–59: fulfilment businesses
  • Sections 60–62 and Schedule 14: digital reporting and record-keeping
  • Section 63 and Schedule 15: partial closure notices
  • Section 65 and Schedule 16: penalties for enablers of defeated tax avoidance
  • Section 67 and Schedule 18: requirement to correct certain offshore tax non-compliance
  • Section 68: penalty for transactions connected with VAT fraud etc

Please see our document supply service page for information on how to request copies of journal articles (subject to copyright licensing restrictions).

Find more articles and books

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.


The Library holds an extensive collection of Finance Acts (from the 19th century onwards), Finance Bills (from 1951 onwards), Debates on the Finance Bill as recorded in Hansard, and Standing Committee Debates on the Finance Bills (from 1968 onwards). Alongside this you can also find many publications from the ICAEW and other bodies on the Finance Acts.

We also maintain an online archive of links and resources for Finance Acts 1980–1999 and for Finance Acts 2000–2004.

See LibCat, our online catalogue, for details of our holdings of:

Can't find what you are looking for?

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