The Financial Secretary to the Treasury has confirmed that the Finance Bill will be published on 19 March, eight days after the 2020 Budget.
In a written ministerial statement published on 25 February, Jesse Norman MP, affirmed that the government was committed to measures published in the draft Finance Bill 2020, published in July 2019, “subject to confirmation at Budget 2020”.
The statement also confirmed that the Budget resolutions would be published in full after the Chancellor’s speech on 11 March, alongside resolutions made under the Provisional Collection of Taxes Act 1968 for “measures that are expected to come into effect ahead of Finance Bill Royal Assent”.
ICAEW and the Tax Faculty will be providing analysis of the Budget on the day, follow us on twitter at @ICAEW_Tax for live reaction and visit icaew.com/budget for viewpoints on the Chancellor’s announcements from across ICAEW.
To ensure you have the latest Budget news, the Tax Faculty will be delaying TAXwire in Budget week and hosting a webinar at 10:30 on 13 March. Meanwhile, its report detailing all of the tax announcements in the Budget will be published as a TAXguide on 17 March.