Collection

Finance Bill 2022-23

Supporting documents for Finance Bill 2022-23, the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.

This was published under the 2019 to 2022 Johnson Conservative government

• From: HM Revenue & Customs and HM Treasury
• Published: 20 July 2022
• Last updated: 15 March 2023 — See all updates

Draft legislation published for Finance Bill 2022-23

The government is committed, where possible, to publishing most tax legislation in draft for technical consultation before the relevant Finance Bill is laid before Parliament.

The final contents of Finance Bill 2022-23 will be confirmed in Spring Budget 2023.

Each measure comprises:

• a tax information and impact note (TIIN) which sets out what the policy seeks to achieve and a summary of the expected impacts
• draft legislation
• an explanatory note which provides a more detailed guide to the legislation

Also included are the impacting definitions for the tax information and impact notes and the Financial Secretary to the Treasury’s declaration about the tax information and impact notes.

The consultation closed on 14 September 2022.

Finance Bill 2022-23 will now be Spring Finance Bill 2023. Read the additional supporting documents.

Income Tax draft legislation

• Low earners anomaly: pensions relief relating to net pay arrangements
  • 20 July 2022
  • Policy paper
• Pension schemes: amendment to taxation of collective money purchase schemes
  • 20 July 2022
  • Policy paper

Corporation Tax draft legislation

• Introduction of the new multinational top-up tax
  • 20 July 2022
  • Policy paper
• Research and Development Tax Relief changes
  • 21 July 2022
  • Policy paper
• Amendments to the Qualifying Asset Holding Companies regime
  • 20 July 2022
  • Policy paper
• New transfer pricing documentation requirements for UK businesses
  • 20 July 2022
  • Policy paper
• Double Taxation Relief claims
  • 20 July 2022
  • Policy paper

Capital Gains Tax draft legislation

• Capital Gains Tax: transfers of assets between spouses and civil partners in the process of separating
  • 20 July 2022
  • Policy paper
• Capital Gains Tax: disposals of land and residences for limited liability partnerships and Scottish partnerships
  • 20 July 2022
  • Policy paper

Inheritance Tax draft legislation

• Pension assets: further tax provisions for Income Tax and Inheritance Tax in connection with the Dormant Assets Scheme
  • 20 July 2022
  • Policy paper

Air Passenger Duty draft legislation

• Air Passenger Duty: banding reforms from April 2023
  • 20 July 2022
  • Policy paper

Insurance premium tax draft legislation

• Improving the administration and operation of Insurance Premium Tax
  • 20 July 2022
  • Policy paper

Customs duties and levies draft legislation

• Aerodromes: approval requirements
  • 20 July 2022
  • Policy paper

Aggregates Levy draft legislation

• Aggregates Levy: changes to exemptions
  • 20 July 2022
  • Policy paper

Miscellaneous draft legislation

• Soft Drinks Industry Levy: concentrates mixed with added sugar when dispensed
  • 20 July 2022
  • Policy paper
• Homes for Ukraine Sponsorship Scheme: tax exemptions and reliefs
  • 20 July 2022
  • Policy paper
• New tax checks for licence renewal applications in Scotland and Northern Ireland
  • 20 July 2022
  • Policy paper
• Lump Sum Exit Scheme: taxation of payments
  • 20 July 2022
  • Policy paper

Further draft legislation for Finance Bill 2022-23

• Re-insurance in the course of transfers of long-term business
  • 25 January 2024
  • Policy paper
• Reform of Alcohol Duty rates and reliefs
  • 23 September 2022
  • Policy paper

Published 20 July 2022
Last updated 15 March 2023 + show all updates

1. 15 March 2023

   A link to Spring Finance Bill 2023 has been added.

2. 14 October 2022

   The consultation on the draft legislation for the reform of Alcohol Duty rates and reliefs will remain open until 18 November 2022.

3. 20 July 2022

   First published.