Two weeks to 24 July 2020
Welcome to our latest update on recent developments in international and treasury tax of interest to multinationals operating in the UK.
Responding to the business impacts of COVID-19
As the international response continues, visit our global crisis centre webpage and our COVID-19 hub on TheSuite continue to keep up to date on this topic. Of particular relevance to multinational companies operating in the UK:
Draft legislation published for Finance Bill 2020-21
Draft legislation was published on 21 July for inclusion in Finance Bill 2020-21. To see all new announcements and immediate effect measures please see this Written Ministerial Statement. To see draft Finance Bill 2020-21 legislation and supporting documents, see Finance Bill. Measures include:
The Finance Bill received Royal Assent on Wednesday 22 July. The Act will be published on Legislation.gov.uk shortly.