Finance Bill 2016

Public bill · Government · Presented

Finance Bill 2016 changes a wide range of taxes and reliefs. It lowers some income charges for workers, raises credits for carers and certain workers, offers a new rebate for first-time buyers of new homes, extends supports for home renovations and business start-ups, and cuts some capital gains and deposit-interest tax rates over time. It also tightens anti-avoidance rules, updates tax treatment for landlords, farmers and fishermen, extends some fuel, vehicle and energy tax reliefs, raises inheritance tax-free thresholds, and keeps higher charges on tobacco and a levy on some financial institutions.

Formal long title

Bill entitled an Act to provide for the imposition, repeal, remission, alteration and regulation of taxation, of stamp duties and of duties relating to excise and otherwise to make further provision in connection with finance including the regulation of customs.

Last updated 17 April 2018