Finance Act 2025

To move the following Clause— “Business asset disposal relief: review of increase in rate

Page 10, line 20, leave out Clause 18

Page 116, line 13, leave out Schedule 3

To move the following Clause— “Impact assessment: capital gains tax

To move the following Clause— “Sections 50 and 51: impact on private rental sector

To move the following Clause— “Review of effects of sections 50 and 51 on housing market

To move the following Clause— “Section 12: review

To move the following Clause— “Report on fiscal effects: relief for investment expenditure

To move the following Clause— “Changes to energy (oil and gas) profits levy: review

To move the following Clause— “Pupils with SEND without an Education Health and Care Plan: review of VAT provisions

To move the following Clause— “Statements on charging VAT on private school fees

To move the following Clause— “Rate of vehicle excise duty for haulage vehicles other than showman’s vehicles

Clause 21, page 15, line 38, at end insert— “(3) Any direction given by an officer of Revenue and Customs under section 690 of ITEPA 2003 (employee non-resident etc) has no effect in relation to tax year 2025-2026 or any subsequent tax year.”

Clause 21, page 11, line 21, after “is” insert “or has been”

Clause 37, page 31, line 21, at end insert— “<table class="middle-vertical tableleft width-100" cols="2"><tbody class="left"><tr><td class="width-20"><p>12A</p></td><td class="width-80"><p>So much of any amount of income treated as arising to an individual under section 633 (capital sums paid to settlor by trustees of settlement) for the tax year as falls within the foreign amount of income available up to the end of the tax year.</p></td></tr><tr><td><p /></td><td><p>The foreign amount of income available up to the end of a tax year is the amount that would be determined, in accordance with sections 635 to 637 (amount of available income), as the amount of income available up to the end of the tax year if all income arising under the settlement from a source in the United Kingdom were ignored.</p></td></tr></tbody></table>”

Clause 21, page 12, line 22, after “is” insert “or has been”

Clause 21, page 13, line 22, leave out “public notice given” and insert “general direction made”

Clause 21, page 12, line 4, after “being” insert “or having been”

To move the following Clause— “Review of effects of section 65 on illicit tobacco market

To move the following Clause— “Statements on soft drinks industry levy

To move the following Clause— “Review of sections 63 and 64

Clause 82, page 95, line 14, at end insert— “(2) In doing so His Majesty’s Revenue and Customs must have regard to the desirability of requiring a digital tax stamp to be applied to e-cigarette liquids.”

To move the following Clause— “Review of impact of tax changes in this Act on households

To move the following Clause— “Review of business taxes

To move the following Clause— “Review of effects of the Act on small businesses

To move the following Clause— “Review of bands and rates of air passenger duty

Clause 63, page 68, line 10, leave out “£32.79” and insert “£31.64”

To move the following Clause— “Statements on increasing alcohol duty

To move the following Clause— “Statements on HGV Vehicle Excise Duty (VED) and HGV Road User Levy

To move the following Clause— “Review of effects of £40,000 expensive car supplement threshold

To move the following Clause— “Review of impact of section 1 on recipients of the full rate of the new state pension

Clause 37, page 28, line 17, leave out “and” and insert “to”

Clause 26, page 18, line 36, at end insert— “a company’s

Clause 37, page 29, line 36, at end insert— “845CA Effect of claim, foreign employment election or foreign gain claim: costs of dwelling-related loan

Clause 26, page 17, line 35, leave out from beginning to end of line 27 on page 18 and insert— “(4) Take the following steps to determine the adjusted VFX portion of previously claimed Chapter 3 credits—

Clause 39, page 46, line 4, after “87” insert “or 89(2)”

Clause 39, page 46, line 1, leave out “section 87” and insert “sections 87 and 89(2)”

Clause 37, page 30, line 13, at end insert— “845DA Effect of claim on relief for contributions to registered pension schemes

Clause 37, page 34, line 1, leave out “section 38” and insert “section 34”

Clause 26, page 18, line 32, leave out “remainder” and insert “result of Step 5 in that subsection”

Clause 38, page 36, line 18, leave out “and” and insert “to”

Clause 26, page 17, line 32, leave out “the Chapter 3 credit amount” and insert “the adjusted VFX portion of those credits”

Clause 38, page 40, line 17, at end insert— “41RA Effect of claim on relief for contributions to registered pension schemes

To move the following Clause— “Energy (oil and gas) profits levy: impact assessment of increase in rate

To move the following Clause— “Report on fiscal effects: relief for investment expenditure

To move the following Clause— “Review of impact of section 1 on recipients of the full rate of the new state pension

To move the following Clause— “Review of sections 63 and 64

To move the following Clause— “Review of impact of tax changes in this Act on households

To move the following Clause— “Review of impact of Act on small and medium sized enterprises

To move the following Clause— “Review of the Impact of Tax Changes on Household Finances

To move the following Clause— “Pupils with SEND without an Education Health and Care Plan: review of VAT provisions