Draft legislation and other detail is now on GOV.UK. The new material covers many key measures announced by the Chancellor in his Autumn Statement last month.

In addition, draft Finance Bill 2015 clauses together with an overview of the legislation in draft were also published last month in addition to the Government’s response to a number of consultations. Whilst it’s true to say that the Autumn Statement tends to take all the glory with publication of the draft clauses having a far lower public profile, tax enthusiasts know that the devil is often in the detail as the draft clauses shed light on how the new tax provisions may work once enacted. HMRC are requesting comments on the draft legislation by 4 February 2015.

Some key measures/publications are as follows:-

• Employee benefits and expenses: abolition of the £8,500 threshold for lower paid employment and form P9D
• Diverted Profits Tax: guidance
• Employer National Insurance contributions for under 21s briefing note
• Stamp Duty Land Tax: reform of structure, rates and threshold together with draft legislation and a supporting factsheet
• Corporation Tax: preventing abuse of late paid interest rules together with draft legislation.
• Restriction on brought forward reliefs in the UK banking sector – technical note together with draft legislation
• Income Tax: miscellaneous loss relief together with draft legislation.
• Draft legislation: Corporation Tax – restricting relief for internally generated goodwill transfers together with a supporting briefing paper.
• Draft legislation: Capital Gains Tax – denying Entrepreneurs’ Relief for disposals of goodwill to related companies together with briefing paper.
• Corporation Tax: high pressure high temperature cluster area allowance together with draft legislation.
• Tax and tax credit rates and thresholds for 2015–16
• Tackling aggressive tax planning: implementing the agreed G20-OECD approach for addressing hybrid mismatch arrangements