- The draft provisions for the Finance Bill 2020-21 and explanatory notes have been published, which include changes to HM Revenue and Customs (“HMRC”) civil information powers and proposals for tackling promoters and enable of tax avoidance schemes
- Each measure is accompanied by draft legislation, an explanatory note (which provides a more detailed guide to the legislation) and a tax information and impact notice (TIIN)
- A consultation on the draft clauses is intended to make sure the legislation will work as intended and will be open until 15 September 2020
- Government also published a number of consultations in connection with the draft legislation, including;
- Tackling Promoters of Tax Avoidance (closes 15 September 2020)
- Call for evidence: tackling disguised remuneration tax avoidance (closes 30 September 2020)
- Call for evidence on pensions tax administration (deadline 13 October 2020)
Aspire Business Partnership ("Aspire") provide WK1 with practical and commercially sound advice in relation to all aspects of compliance, business strategy and conflict resolution. WK1 engage Aspire on a retained basis through which Aspire provide WK1 with advice on an ad-hoc basis.
https://www.aspirepartnership.co.uk/News/3477/legislation-day-finance-bill-2020-21
