The Finance Bill – to become the Finance (No. 2) Act 2022 – has been published and contains the following provisions:
Energy (oil and gas) profits levy
1 Increase in rate of tax
2 Reducing the amount of additional investment expenditure
3 Extending the period for which tax has effect
Corporation tax
4 Amount of relief for expenditure on research and development
Income tax
5 Basic rate limit and personal allowance for tax years 2026-27 and 2027-28
6 Threshold at which additional rate is charged
7 Dividend nil rate
Capital gains tax
8 Annual exempt amount
Inheritance tax
9 Rate bands etc for tax years 2026-27 and 2027-28
Taxation of vehicles
10 Removal of VED exemption for electrically propelled vehicles etc
11 Taxable benefits: appropriate percentage for cars with a CO2 emissions figure
Final
12 Short title
https://publications.parliament.uk/pa/bills/cbill/58-03/0197/220197.pdf