Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Gasification

24 June 2014 / Richard Curtis
Issue: 4457 / Categories: Comment & Analysis , Admin , Budget/Finance Act

The eighth and ninth sittings of the Finance Bill 2014 debate

KEY POINTS

  • Changes in employment-related securities rules.
  • Venture capital investment schemes amended.
  • The automatic exemption for the final period of ownership of a main residence is reduced.
  • 100% capital allowances regimes are extended.
  • Limited liability partnerships are subject to new rules.

The eighth sitting of the public bill committee’s consideration of the Finance Bill 2014 started with a welcome from the chair Gary Streeter and the comment that members would now be considering clause 49. “Only 246 clauses to go ” he added.

Clause 49 and the accompanying Schedule 7 deal with employment related securities and the exchequer secretary to the Treasury David Gauke explained that this made various simplifications to the ERS tax rules following suggestions by the Office of Tax Simplification (OTS).

Philip Fisher ...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
back to top icon