Policy paper

Finance Bill 2024-25: Report Stage

Explanatory Notes for government amendments in Report Stage of Finance Bill 2024-25.

• From: HM Revenue & Customs
• Published: 25 February 2025
• Last updated: 26 February 2025 — See all updates

Documents

Amendments 1 to 4 to Clause 26: Additional relief for visual effects

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Amendments 5 to 8 to Clause 37: Claim for relief on foreign income

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Amendments 9 and 10 to Clause 38: Claim for relief on foreign employment income

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Amendments 11 to 15 to Clause 39: Claim for relief on foreign gains

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Amendments 16 and 17 and 21 to 27 to Clause 40 and Schedule 9: Remittance basis not available after tax year 2024-2025

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Amendments 18 to 20 to Schedule 3: Decommissioning of carbon storage installations

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Amendments 28 to 49 to Schedule 10: Temporary Repatriation Facility Charge

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Amendments 50 to 55 to Schedule 12: Trusts: connected amendments, transitional provision etc

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Amendments 56 to 66 to Schedule 13: Consequential, connected and transitional provision

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Details

The government tabled the following amendments for the Report Stage of Finance Bill 2024-25. These are accompanied by the following explanatory notes:

• Amendments 1 to 4 to Clause 26: Additional relief for visual effects
• Amendments 5 to 8 to Clause 37: Claim for relief on foreign income
• Amendments 9 and 10 to Clause 38: Claim for relief on foreign employment income
• Amendments 11 to 15 to Clause 39: Claim for relief on foreign gains
• Amendments 16 and 17 and 21 to 27 to Clause 40 and Schedule 9: Remittance basis not available after tax year 2024-2025
• Amendments 18 to 20 to Schedule 3: Decommissioning of carbon storage installations
• Amendments 28 to 49 to Schedule 10: Temporary Repatriation Facility Charge
• Amendments 50 to 55 to Schedule 12: Trusts: connected amendments, transitional provision etc
• Amendments 56 to 66 to Schedule 13: Consequential, connected and transitional provision

Published 25 February 2025

Last updated 26 February 2025 + show all updates

1. 26 February 2025

   The page has been updated to reflect changes to document names.

2. 25 February 2025

   First published.