Finance Bill 2017

Public bill · Government · Presented

Finance Bill 2017 changes a wide range of taxes and related rules. It lowers the Universal Social Charge for many workers, raises some income tax credits, extends mortgage interest relief for existing homeowners, introduces a tax on sugary drinks, increases tax on tobacco, and raises stamp duty on most non-residential property and some leases. It also creates new incentives for electric vehicles, employee share options in smaller firms, energy-saving investment, and vacant homes being brought back into rental use, while tightening anti-avoidance rules and updating how PAYE is reported and administered.

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 28 January 2020