As confirmed by the Financial Secretary to the Treasury’s written statement to Parliament, this year’s legislation day (or “L-day” as it is often referred to), will take place later this week on Wednesday 20 July. HMRC is also expected to publish its annual accounts later today, Monday 18 July.
On Wednesday, the Government is expected to 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 next week’s Chartered Accountants Tax News.