Wednesday was Legislation Day 'L-day' when the government published some of the draft legislation and consultations that will form Finance Bill 2022-23. Key highlights include measures to relax the CGT rules for divorcing couples, and for LLPs and Scottish partnerships, the tax treatment of farmers' Lump Sum exit schemes, reforms to net pay pensions, tax relief on homes for Ukraine and changes to Research & Development relief.

Income Tax

Low earners anomaly: pensions relief relating to net pay arrangements

See Top-ups for pensions net pay arrangements

Pension schemes: amendment to taxation of collective money purchase schemes

Tax Registration: landlords and the self employed

See No early registration for the self-employed and landlords


Capital Gains Tax

Transfers of assets between spouses and civil partners in the process of separating

See CGT: Divorce rules relaxed

Disposals of joint interests in land and private residences for limited liability partnerships and Scottish partnerships

See CGT reliefs extended to LLPs and Scottish Partnerships

Farmer's Lump Sum Exit Scheme: taxation of payments

See Taxing the Farmers' Lump Sum Exit Scheme


Inheritance Tax

Pension assets: Dormant Assets Scheme


Corporation Tax

Research and Development (R&D) Tax Relief

Introduction of the new multinational top-up tax

Amendments to the Qualifying Asset Holding Companies regime

New transfer pricing documentation requirements for UK businesses

Double Taxation Relief claims


Miscellaneous 

Digitalising Business Rates

Soft Drinks Industry Levy: concentrates mixed with added sugar when dispensed

Homes for Ukraine Sponsorship Scheme: tax exemptions and reliefs

New tax checks for licence renewal applications in Scotland and Northern Ireland

Miscellaneous duties and taxes

These are not covered on this web service, see HMRC Finance Bill 2022-23 for more detail on:


Useful guides on this topic

Finance Act 2022 and beyond: rolling tax planner
This rolling planner tracks the key tax announcements that impact the 2022-23 tax year and beyond. This planner is updated on an ongoing basis.

External links

Finance Bill 2022-23 draft legislation and consultations


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