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Finance Bill 2023-24 in the House of Commons

19 February 2024 / Allison Plager
Issue: 4925 / Categories: Comment & Analysis , Finance Bill , R&D , Budget/Finance Act
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Of bills and kings

Key points

  • Receipts from new electricity generating projects will be exempt from the electricity generator levy.
  • Amendments are proposed to the new research and development scheme to make it work more effectively.
  • The impact of permanent full expensing will be monitored through information collected from tax returns and from stakeholders.
  • Passengers in private jets pay more air passenger duty than passengers on commercial flights.

After the Public Bill Committee’s scrutiny of the Finance Bill it moved to the the House of Commons for further consideration – the report stage – before heading to the House of Lords.

At this stage MPs considered amendments and new clauses brought by the government as well as those tabled by the opposition parties.

Supporting business

The government intends to grow the economy for the good of everyone and the ‘tax system is a key part of that’ said financial...

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