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 Head of Tax, Frank Strachan or any member of the Edwin Coe Tax team.

Edwin Coe LLP is a Limited Liability Partnership, registered in England & Wales (No.OC326366). The Firm is authorised and regulated by the Solicitors Regulation Authority. A list of members of the LLP is available for inspection at our registered office address: 2 Stone Buildings, Lincoln’s Inn, London, WC2A 3TH. “Partner” denotes a member of the LLP or an employee or consultant with the equivalent standing.

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