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Finance Act 2020

Government Bill

Originated in the House of Commons, Session 2019-21

Act of Parliament (1)

Full text of the Act of Parliament as passed by Parliament (this is the Act in its original state. The Act may have been amended by another Act and any such amendments are not shown in this version).

Finance Act 2020 (c. 14)
22 July 2020

Full text of the Bill as introduced and further versions of the Bill as it is reprinted to incorporate amendments (proposals for change) made during its passage through Parliament.

2 July 2020
Lords
Bill 142 2019-21 (as amended in Committee) large font
19 June 2020
Commons
Bill 142 2019-21 (as amended in Committee)
19 June 2020
Commons
18 March 2020
Commons
Bill 114 2019-21 (as introduced) - large font accessible version
11 March 2020
Commons

Tracked changes versions of the Bill, showing amendments made in Committee of the whole House and in Public Bill Committees in the House of Commons. Please note that these are unofficial versions and may not be completely accurate.

Tracked changes version of the bill as amended in the Commons compared to the version as introduced
10 July 2020
Commons

Documents to explain the purpose of the Bill.

Bill 114 EN 2019-21 - provided by HM Treasury
19 March 2020
Commons
Bill 114 EN 2019-21 - large font accessible version provided by HM Treasury
18 March 2020
Commons

Under the 'English votes for English laws' procedure, which applied from 23 October 2015 until it was suspended on 22 April 2020 (and finally rescinded on 13 July 2021),the Speaker certified Bills, or provisions of Bills, as relating exclusively to England, and/or to England and Wales. In relation to Finance Bills, the Speaker could certify founding financial motions, or clauses or schedules, as relating exclusively to England, Wales and Northern Ireland.The text of certificates issued by the Speaker, and information prepared by the Government on how government amendments affect the territorial application of provisions of the bill, are available here. (Similar information about the bill itself could be found in the Explanatory Notes – see above.).

Speaker's Signed Certificate
21 April 2020
Commons

Full list of amendment papers relating to the Bill. Individual amendment papers will be replaced with consolidated lists before the amendments are discussed. Page and line references in amendment papers refer to the PDF version of the Bill.

Consideration of Bill Amendments as at 2 July 2020
2 July 2020
Commons
Consideration of Bill Amendments as at 2 July 2020 - large font accessible version
2 July 2020
Commons
Consideration of Bill Amendments as at 1 July 2020
1 July 2020
Commons
Consideration of Bill Amendments as at 1 July 2020 - large font accessible version
1 July 2020
Commons
Notices of Amendments as at 29 June 2020
30 June 2020
Commons
Notices of Amendments as at 26 June 2020
29 June 2020
Commons
Notices of Amendments as at 25 June 2020
26 June 2020
Commons
Notices of Amendments as at 24 June 2020
25 June 2020
Commons
Notices of Amendments as at 23 June 2020
24 June 2020
Commons
Notices of Amendments as at 22 June 2020
23 June 2020
Commons
Notices of Amendments as at 19 June 2020
22 June 2020
Commons
Public Bill Committee Amendments as at 18 June 2020
18 June 2020
Commons
Notices of Amendments as at 16 June 2020
17 June 2020
Commons
Public Bill Committee Amendments as at 16 June 2020
16 June 2020
Commons
Notices of Amendments as at 11 June 2020
12 June 2020
Commons
Public Bill Committee Amendments as at 11 June 2020
11 June 2020
Commons
Notices of Amendments as at 9 June 2020
10 June 2020
Commons
Public Bill Committee Amendments as at 9 June 2020
9 June 2020
Commons
5 June 2020
Commons
Public Bill Committee Amendments as at 4 June 2020
4 June 2020
Commons
3 June 2020
Commons
2 June 2020
Commons
21 May 2020
Commons
19 May 2020
Commons

In the House of Commons, amendments are grouped together so that amendments relating to a particular topic or issue are discussed together.

Speaker's provisional grouping and selection of Amendments
1 July 2020
Commons
Chairs’ provisional selection and grouping of amendments - Day 5 (18 June 2020)
17 June 2020
Commons
Chairs’ provisional selection and grouping of amendments - Day 4 (16 June 2020)
15 June 2020
Commons
Chairs’ provisional selection and grouping of amendments - Day 3 (11 June 2020)
10 June 2020
Commons
Chairs’ provisional selection and grouping of amendments - Day 2 (9 June 2020)
9 June 2020
Commons
Chairs’ provisional selection and grouping of amendments - Day 1 (4 June 2020)
4 June 2020
Commons

Details of proceedings in Public Bill Committee or Committee of the whole House, on any report (consideration) stage, and on any consideration of Lords Amendments or any subsequent Lords Messages. The documents contain the text of amendments considered at each sitting and show whether it was agreed to, negatived (not agreed), not called, not moved or withdrawn.

All Proceedings up to 2 July 2020 at Report Stage
3 July 2020
Commons
Public Bill Committee Proceedings as at 18 June 2020
19 June 2020
Commons
All proceedings up to 18 June 2020 at Public Bill Committee Stage
19 June 2020
Commons
Public Bill Committee Proceedings as at 16 June 2020
17 June 2020
Commons
Public Bill Committee Proceedings as at 11 June 2020
12 June 2020
Commons
Public Bill Committee Proceedings as at 9 June 2020
10 June 2020
Commons
Public Bill Committee Proceedings as at 4 June 2020
5 June 2020
Commons

House of Commons Library and House of Lords Library briefing papers aim to be politically impartial, containing factual information as well as a range of opinions on each subject. Briefing papers on Bills are produced before Second Reading and, in the Commons, after Committee Stage.

Briefing paper for Second Reading
27 April 2020
Commons

Archive of press notices related to the Bill.

17 May 2020
Commons

House of Lords Library Notes aim to be politically impartial and are compiled for Members of Parliament and their staff.

Finance Bill: Briefing for Lords Stages
7 July 2020
Lords

The Government human rights memorandum is prepared by the Government to assist the Joint Committee on Human Rights with its scrutiny of the Bill’s human rights implications.

Human Rights Memorandum from HM Treasury
22 April 2020
Commons

Written submissions from outside bodies and individuals are circulated to MPs appointed to examine the Bill during committee stage in a Public Bill Committee. The following written submissions were sent to this committee.

Commons Committee stage

Written evidence submitted by the Tax Law Review Committee of the Institute of Fiscal Studies (FB32)
19 June 2020
Commons
Written evidence submitted by ETC Tax (FB28)
17 June 2020
Commons
Written evidence submitted by the Small to Medium Business Group (SMB) and The Loan Charge Action Group (FB29)
17 June 2020
Commons
Written evidence submitted by the Small to Medium Business Group (SMB) (supplementary evidence) (FB30)
17 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation New Clause 1 and New Schedule 1 Workers' services provided through intermediaries (FB31)
17 June 2020
Commons
Written evidence submitted by the Society of Trust and Estate Practitioners (STEP) (FB01)
15 June 2020
Commons
Written evidence submitted by Dr Graham Walker (FB02)
15 June 2020
Commons
Written evidence submitted by Jonathan Kidd (FB04)
15 June 2020
Commons
Written evidence submitted by Martin Barber (FB05)
15 June 2020
Commons
Written evidence submitted by Peter Aveyard, Director of Lead BA Limited (FB06)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clauses 7-21 Employment Tax (FB07)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clause 22 Entrepreneurs' Relief (FB08)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clause 23 Private Residence Relief (FB09)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clauses 27-30 Business Reliefs (FB10)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clause 36 Top Slicing Relief (FB11)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Part 2 Digital Services Tax (FB12)
15 June 2020
Commons
Written evidence submitted by Andrew Stokes (FB13)
15 June 2020
Commons
Written evidence submitted by an individual who wishes to remain anonymous (FB14)
15 June 2020
Commons
Written evidence submitted by Nick Pennington (FB15)
15 June 2020
Commons
Written evidence submitted by Tim Brain (FB17)
15 June 2020
Commons
Written evidence submitted by John Clarke (FB18)
15 June 2020
Commons
Written evidence submitted by Anthony Johnson (FB19)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clause 72 IHT excluded property (FB20)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clauses 95-96 Priority on insolvency (FB21)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clause 97 Liability of company directors etc (FB22)
15 June 2020
Commons
Written evidence submitted by the Chartered Institute of Taxation Clauses 100-101 HMRC Administration and Compliance (FB23)
15 June 2020
Commons
Written evidence submitted by WTT Consulting (FB24)
15 June 2020
Commons
Written evidence submitted by the The Loan Charge Action Group (FB26)
15 June 2020
Commons
Written evidence submitted by Armadillo Support Limited (FB25)
15 June 2020
Commons
Written evidence submitted by the Self-Employed Alliance (FB27)
15 June 2020
Commons

A collection of papers relevant to the bill

Letter from the Financial Secretary of the Treasury regarding Clause 10
9 June 2020
Commons
Proposed Government Amendments Letter from the Financial Secretary of HM Treasury
4 June 2020
Commons
HM Treasury proposed Amendments 1 and 2 to Clause 15
4 June 2020
Commons
HM Treasury proposed Amendment 3 to Clause 17
4 June 2020
Commons
Letter from the Financial Secretary of the Treasury regarding secondary legislation making powers
4 June 2020
Commons
HM Treasury draft Regulations relating to Clause 96 of the Bill
4 June 2020
Commons
HM Treasury proposed New Clause 1 and New Schedule 1
4 June 2020
Commons
Budget Resolutions
11 March 2020
Commons
Explanatory Notes on the Budget Resolutions
11 March 2020
Commons

Occasionally questions put to government Ministers during debates on Bills in either the House of Commons or the House of Lords may be answered by the Minister saying 'I will write to the Hon Member'. Such “will write” replies are not published in Hansard but are placed in the Library of the House concerned and published on the Parliamentary website.

Letter from Jesse Norman MP to Angela Eagle MP and Gary Streeter MP regarding powers contained in the Bill
22 April 2021
Letter Jesse Norman MP to Angela Eagle MP and Gary Streeter MP regarding Government amendments tabled ahead of the Public Bill committee stage: Clause 18 and Schedule 2: Extended loss carry back for businesses, Clause 29 and Schedule 5: Pension schemes: collective money purchase benefits
22 April 2021
Letter from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding Clause 36 in Public Bill Committee: guidance on top slicing tax relief on life insurance policy gains
17 June 2020
Letter from Kemi Badenoch to Wes Streeting MP regarding on Clause 82: the measurement of carbon dioxide for Vehicle Excise Duty
17 June 2020
Letter from Kemi Badenoch MP to Alison Thewliss MP, Wes Streeting MP, and Stephen Flynn MP regarding Clause 79 (Post duty point dilution of wine/made-wine) and alcohol duty generally: public health implications
17 June 2020
Letter from Kemi Badenoch MP to Wes Streeting MP regarding Clause 89-90, the effectiveness of the Climate Change Levy and plans for implementing a green gas levy
17 June 2020
Letter from Jesse Norman MP to Alison Thewliss MP regarding Clause 78, the number of businesses using the previous call-off stock arrangements (requiring them to register for VAT in an EU Member State)
17 June 2020
Letter from Jesse Norman MP to Bridget Phillipson MP regarding Clause 77 (Stamp duty: acquisition of a target company's share capital) in cases where multiple shareholders of an unlisted company each own less than 25% of share capital
17 June 2020
Letter from Jesse Norman MP to Wes Streeting MP regarding the impact of Clause 30 on the ability of companies to set capital losses against gains made on pre-Finance Act 2002 (pre-FA 2002) intangible assets
11 June 2020
Letter from Jesse Norman MP to Wes Streeting MP regarding the impact of Clause 30 on the ability of companies to set capital losses against gains made on pre-Finance Act 2002 (pre-FA 2002) intangible assets
11 June 2020
Letter from Jesse Norman MP to Wes Streeting MP regarding income tax on apprenticeship bursary payments made to care leavers
5 June 2020
Letter dated 04/06/2020 from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding powers in the Finance Bill
4 June 2020
Letter from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding Government amendments
4 June 2020

Full transcripts

Commons Committee stage

Committee Debates: compilation pdf of sitting so far
25 June 2020
Commons
23 June 2020
Commons
19 June 2020
Commons
18 June 2020
Commons
17 June 2020
Commons
12 June 2020
Commons
12 June 2020
Commons
10 June 2020
Commons
10 June 2020
Commons
8 June 2020
Commons
5 June 2020
Commons

Commons 2nd reading

27 April 2020
Commons

Commons Ways and Means resolution

Ways and Means resolution
27 April 2020
Commons

Commons Programme motion

Programme motion
27 April 2020
Commons

Commons Ways and Means resolution

Ways and Means resolution
19 May 2020
Commons

Commons Report stage

Report: 2nd sitting
2 July 2020
Commons
Report: 1st sitting
1 July 2020
Commons

Lords 1st reading

1st reading (Hansard)
2 July 2020
Lords
1st reading (Minutes of Proceedings)
2 July 2020
Lords

Lords 2nd reading

2nd reading (Hansard)
17 July 2020
Lords
2nd reading (Minutes of Proceedings)
17 July 2020
Lords

Lords Committee negatived

Committee negatived (Hansard)
17 July 2020
Lords
Committee negatived (Minutes of Proceedings)
17 July 2020
Lords

Lords 3rd reading

3rd reading (Hansard)
17 July 2020
Lords
3rd reading (Minutes of Proceedings)
17 July 2020
Lords

Royal Assent

Royal Assent (Hansard)
22 July 2020
Royal Assent (Minutes of Proceedings)
22 July 2020