Spring Finance Bill published

The Spring Finance Bill was published today (23 March 2023). It will eventually become the Finance (No. 2) Act 2023. The links towards the bottom of this page are to the Bill itself and to the Explanatory Notes.

Part 1 of the Bill covers Clauses 1 to 43, dealing with Income tax, corporation tax and capital gains tax. This is set out under the following headings:

Income tax charge, rates etc
Corporation tax charge and rates
Capital allowances
Other reliefs relating to businesses
Reliefs for employees
Pensions
Social security
Foster carers etc
Estates in administration and trusts
Provisions relating to insurance
Miscellaneous corporation tax matters
International matters
Chargeable gains

Part 2 (clauses 44 to 120) deals with Alcohol duty.

Part 3 (clauses 121 to 264) is headed Multinational top-up tax.

Part 4 (clauses 265 to 277) is headed Domestic top-up tax.

Part 5 (clauses 278 to 312) deals with the Electricity Generator Levy.

Part 6 (clauses 313 to 329) deals with Other taxes, under the following headings:

Stamp duty land tax
Value added tax
Import duty
Fuel duties
Tobacco products duty
Soft drinks industry levy
Air passenger duty
Vehicle taxes
Environmental taxes

Finally, Part 7 (clauses 330 to 352) deals with Miscellaneous and final, under the following headings:

Freeports and investment zones
Administration
Management of customs and excise
Conditionality
Charities and community amateur sports clubs
Homes for Ukraine Sponsorship Scheme
Office of Tax Simplification
The dormant assets scheme
Other
Final

https://publications.parliament.uk/pa/bills/cbill/58-03/0276/220276.pdf (Finance Bill)

https://publications.parliament.uk/pa/bills/cbill/58-03/0276/en/220276en.pdf (Explanatory Notes)

Spring Finance Bill published

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