Last month, the Committee of the whole House debated selected clauses from Finance Bill 2021 (official title: Finance (No.2) Bill 2019-21). During this stage clauses, including those on the super-deduction and corporation tax rate changes were agreed to.
Amendments to the Finance Bill drafting on the hybrid mismatch rules and stamp duty land tax relief in Freeports were also proposed by the Government and agreed to. Following the conclusion of the Committee of the whole House, the Public Bill Committee stage has now commenced and is expected to be completed no later than Thursday 6 May this week.
Further amendments have been proposed during this stage on the extended carry back of trade losses (such that a furnished holiday lettings business is no longer included) and late payment and repayment interest for VAT. Dates for the remaining stages of the Bill are yet to be published.
LOADING...