Documents to download

The Finance Bill is a government bill intended to give statutory effect to the tax measures that have previously been announced by the government. The majority of the measures included in the bill were announced at the 2023 autumn statement. However, measures announced at the 2023 spring budget, as well as a selection of measures announced independently outside the usual cycle of fiscal events, are also included. Key measures include:

  • permanent full expensing, allowing companies to recoup the cost of expenditure on plant and machinery
  • reforms to creative industry tax reliefs to boost certain sectors such as films, high-end TV and video games
  • reforms to research and development (R&D) tax reliefs to support R&D‑intensive small and medium enterprises

The bill had its second reading in the House of Commons on 13 December 2023. The bill was considered in a committee of the whole House on 10 January 2024, before moving to a public bill committee. It completed committee stage on 16 January 2024 and completed its remaining stages in the House of Commons on 5 February 2024.

Related Links

Documents to download

Related posts

  • Steel Industry (Nationalisation) Bill: HL Bill 22 of 2026–27

    The Steel Industry (Nationalisation) Bill is a government bill that would provide powers to nationalise a company involved in steel manufacturing where it is in the public interest. It completed its House of Commons stages on 9 June 2026 and is scheduled for second reading in the House of Lords on 16 June 2026. The government has explained the bill is being fast-tracked as it believes it is necessary to safeguard the future of the UK steel industry. It says this is important for the UK economy, national security and critical infrastructure.

    Steel Industry (Nationalisation) Bill: HL Bill 22 of 2026–27

  • Welfare reforms and youth unemployment

    Concerns have been raised about levels of welfare spending in the UK and increasing numbers of young people not in education, employment or training. This briefing sets out statistics, government policy and commentary on welfare and youth employment. This includes the government’s youth guarantee, its ‘Get Britain working’ policies and the interim report by Alan Milburn on young people and work.

    Welfare reforms and youth unemployment

  • Commercial Payments Bill [HL]: HL Bill 4 of 2026–27

    The Commercial Payments Bill seeks to tackle late payments to small businesses, estimated to affect 44% of invoices. It would impose minimum payment periods for invoices, prohibit the use of retentions in construction contracts and provide the small business commissioner with greater powers. The bill was introduced in the House of Lords on 19 May 2026 and is due to receive its second reading on 9 June 2026.

    Commercial Payments Bill [HL]: HL Bill 4 of 2026–27