Policy paper

Finance Bill 2016: draft legislation overview documents

Technical consultation on measures for Finance Bill 2016.

• From: HM Revenue & Customs
• Published: 9 December 2015
• Last updated: 10 December 2015 — See all updates

Documents

Overview of legislation in draft

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Overview of legislation in draft

PDF, 1.25 MB, 202 pages

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Draft clauses and explanatory notes for Finance Bill 2016

PDF, 7.35 MB, 645 pages

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Details

Consulting on draft legislation

The government has committed to confirming the majority of measures for inclusion in the Finance Bill at least 3 months prior to introduction of the Bill itself and, where possible, to publish draft legislation for each of these measures. This provides taxpayers with certainty about future tax changes and allows time for pre-legislative scrutiny. The consultation on draft clauses is intended to ensure that the legislation works as intended. The final contents of Finance Bill 2016 will be subject to confirmation at Budget 2016.

Many of the measures covered here were first announced at March Budget or Summer Budget 2015 and, where appropriate, consultations on policy have been carried out over the spring and summer. The government’s responses to these consultations are mostly published on the GOV.UK website.

What has been published?

The government is publishing draft clauses for Finance Bill 2016 for consultation. Where secondary legislation will give substantive effect to the Finance Bill clause, this has also been published in draft.

Each clause is accompanied by:

• a tax information and impact note (TIIN) which sets out what the legislation seeks to achieve, why the government is undertaking the change and a summary of the expected impacts
• an explanatory note which provides a more detailed guide to the legislation

For convenience, this information is provided separately for each measure.

Contacts and closing date

If you wish to comment on any of the draft clauses, please use the contact details provided at the end of the relevant explanatory note. The closing date for comments is Wednesday 3 February 2016.

Published 9 December 2015
Last updated 10 December 2015 + show all updates

1. 10 December 2015

   Reduced size document Draft clauses and explanatory notes for Finance Bill 2016 has been added to the page.

2. 9 December 2015

   First published.