Last week, the Financial Secretary to the Treasury made a written statement to Parliament “Finance Bill 2022-23: L-Day Update”. The statement confirms that this years legislation day, or “L-day” as it is often referred to, will take place on Wednesday 20 July.
The written statement sets out that the Government will publish draft clauses for the next Finance Bill (usually on pre-announced policy changes) together with accompanying explanatory notes, tax information and impact notes, consultation responses and other supporting documents. All publications will be available on GOV.UK. L-day will be covered in Chartered Accountants Tax News on Monday 25 July.