The UK Government has confirmed that the previously delayed Finance Bill will be published in Autumn 2017, as soon as possible after the summer recess.
It has also been confirmed that the Finance Bill will legislate for all policies that were included in the pre-election Finance Bill, and that all policies originally announced to start from April 2017 will be effective from that date.
These include provisions around: corporate interest restrictions; anti-hybrid rules; the new non-dom regime; inheritance tax on overseas property; and employment income provided through third parties.
EY in the Channel Islands has produced an overview of the updated provisions, together with a summary of the other key measures expected in Finance Bill (No.2) 2017. It can be found here.
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