HM Government has this afternoon published confirmation that the draft legislation which was proposed as part of the original Finance Bill No 2 will be included in the second Finance Bill of 2017, subject to some minor amendments.

The uncertainty created by the removal of these clauses has been a significant issue for a number of taxpayers and the confirmation is more than welcome.

We will be reviewing the amendments and assessing their impact for clients and look forward to commenting further once we have had an opportunity to fully understand their impact.

For further information please do not hesitate to contact Sean Bannister, Hetal Sanghvi or any member of the Edwin Coe Tax team.

Please note that this blog is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content of this blog.

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