The Bill will now be introduced “as soon as possible” after the summer recess, and will contain the provisions that were withdrawn from the Bill ahead of the general election.

The Bill will legislate for policies that have already been announced. This includes a number of provisions that have been announced as applying from the start of the 2017/2018 tax year or other point before the introduction of the Bill.

The government has confirmed that these dates of application will be retained and that those affected by the provisions should continue to assume that they will apply as originally announced. To provide maximum certainty for taxpayers, the government has published a list setting out all the provisions to which this applies.

A number of updated legislation and policy papers in areas of key changes have also been published:

• Making Tax Digital
• Hybrid and other mismatches – updated legislation
• Carried forward losses and counteraction of avoidance arrangements – updated legislation
• Employment income provided through third parties – updated legislation
• Corporate interest restriction – updated legislation
• Deemed domicile: income tax and capital gains tax – updated legislation
• Substantial shareholding exemption: institutional investors – updated legislation
• Inheritance tax on overseas property representing UK residential property – updated legislation