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Difficult times
Key points
- Grants to aid businesses during the coronavirus pandemic will be taxed as income.
- Pension rights of those returning to work during the pandemic are protected.
- The statutory residence test is temporarily relaxed during the health emergency.
- Future fund investors will not lose enterprise investment scheme and seed enterprise investment scheme relief.
- Higher rate stamp duty may be refunded if exceptional circumstances prevented the sale of the previous main residence.
- The enterprise management incentives legislation disqualifying event rule is amended.
Following the public bill committee’s consideration of the Finance Bill the draft legislation returned to the House of Commons for its report stage where MPs can consider further amendments. The first day 1 July was spent considering the following opposition proposals:
- an annual review of the digital services tax;
- a review of the impact of the bill on the environment;
- a review of the impact of the...
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