Updated: reordered detail and renamed page to Finance Bill 2013: March to June 2013
This page sets out documents supporting the passage of Finance Bill 2013 between March and June 2013.
20 March 2013
Budget 2013 confirmed measures to be included in Finance Bill 2013. These were published in Chapter 1 of the Overview of tax legislation and rates document, which also sets out where changes were made as a result of consultations.
Further information can also be found on the HM Revenue & Customs (HMRC) website.
Anti-avoidance legislation
The following anti-avoidance measures were announced with effect from 20 March 2013. Applicable legislation, explanatory note, technical note and a tax information and impact note were published:
- Corporation tax loss relief
- Corporation tax deductions for employee share acquisitions
- Loans from close companies to their participators
- Stamp duty land tax avoidance
28 March 2013
Finance Bill 2013 was published on 28 March.
You can read the Bill on the Parliament site.
The following draft legislation, technical notes, and tax information and impact notes (TIIN) were published as well:
- Restrictions on losses and other amounts surrenderable as group relief by non-UK resident companies: technical note
- Corporation tax loss relief: targeted loss buying rules
- Reform of the stamp duty land tax transfer of right rules: draft guidance
- Limit on income tax reliefs: draft guidance
- Simpler income tax for the simplest small businesses: technical note
- Model Decommissioning Relief Deed: Budget 2013 announced that, following a successful consultation on the decommissioning work, the government expects to sign contracts (Decommissioning Relief Deeds) with industry later this year, providing the certainty needed to unlock billions of pounds of investment in oil and gas. Alongside the Finance Bill legislation, the government published a model Decommissioning Relief Deed.
23 April 2013
The government tabled amendments 17-19 on schedule 2: tax advantaged employer share schemes for the Public Bill Committee. These are accompanied by an explanatory note.
16 May 2013
The government tabled the following amendments for Public Bill Committee. These are accompanied by an explanatory note:
- Government amendments 21-22 - transfer of assets abroad: clause 26 schedule 10
- Government amendments 23-38 - above the line credit for research and development: clause 34 schedule 14
- Government amendments 39-49 - tax relief for video games development: clause 35 schedule 16 and 17
4 June 2013
The government tabled the following amendments for Public Bill Committee. These are accompanied by an explanatory note and a Tax Information and Impact Note (TIIN).
- Government amendments 56-59 - employee shareholder shares: clause 54, Schedule 22
- Government new clause 4 - Capital Allowances, Plant and Machinery
In addition the government also tabled an amendment for Public Bill Committee with retrospective effect from 21 March 2013. This is accompanied by the Written Ministerial Statement, explanatory note, TIIN and HMRC guidance note.
6 June 2013
The government tabled the following amendments for Public Bill Committee. These are accompanied by an explanatory note.
11 June 2013
The government tabled the following amendments for Public Bill Committee. These are accompanied by an explanatory note.
- Government amendments 70-102 – annual tax on enveloped dwellings, clauses 91-172, schedules 31-33
- Government amendments 103-106 – leases, clause 195, schedule 39
13 June 2013
The government tabled the following amendments for Public Bill Committee. These are accompanied by an explanatory note.
- Government amendments 110-124 - trusts with vulnerable beneficiary, clause 213, schedule 42
- Government amendments 125-135 - statutory residence test, clause 215
- Government amendments 136-140 - ordinary residence, clause 216, schedule 44
- Government amendment 141-146 - international agreements to improve tax compliance, clause 219