Finance Bill 2024-25: call for evidence

Aims of the Bill

The Finance Bill 2024-25 was published on 6 November 2024. The Bill’s Explanatory Notes and full details of the Bill’s scrutiny to date are collated on its Bill page on the Parliament site. The Bill received a second reading on Wednesday 27 November. 

Selected clauses from the Bill are debated by the Committee of the Whole House at the start of the Bill’s Committee stage.  In the case of the current Bill, the debate was held over two days on Tuesday 10 and Wednesday 11 December.

The selection of clauses is set out in a programme motion, which was agreed by the House at the conclusion of the Bill’s second reading on 27 November.

The remaining clauses and schedules will be debated in a Public Bill Committee, which is expected to begin its scrutiny of the Bill on Tuesday 28 January. This includes:

• Clauses 1 to 4 (Income tax charge, rates etc);
• Clauses 5 to 6 (Income tax provisions relating to cars);
• Clauses 13 to 14 (Corporation tax charge and rates);
• Clauses 19 to 22 (International matters);
• Clauses 23 to 30 (Reliefs for businesses);
• Clause 31 (Employee-ownership trusts);
• Clauses 32 to 36 (Miscellaneous measures);
• Clauses 37 to 39 (New Rules for Foreign Income and Gains of Individuals becoming UK Resident);
• Clauses 40 to 42 (Ending the Special Treatment of Individuals Not Domiciled In United Kingdom);
• Clause 43 (Trusts etc.);
• Clauses 44 to 46 (Inheritance Tax);
• Clauses 54 to 55 (Annual tax on enveloped dwellings);
• Clause 56 (Stamp duty and stamp duty reserve tax);
• Clauses 57 to 62 (Inheritance tax);
• Clauses 63 to 64 (Alcohol duty);
• Clause 65 (Tobacco products duty);
• Clauses 66 to 73 (Taxes relating to vehicles);
• Clauses 74 to 77 (Environmental taxes);
• Clause 78 (Soft drinks industry levy);
• Clauses 79 to 80 (Avoidance);
• Clause 81 (Crytpo-asset reporting framework);
• Clauses 82 to 83 (Preparing for new taxes and information sharing)
• any new Clauses or new Schedules relating to the subject matter of those Clauses or those Schedules;
• remaining proceedings on the Bill.

Follow the progress of the Finance Bill

The Finance Bill 2024–25 was introduced to the House of Commons on 6 November 2024. Second reading was held on 27 November 2024.

• Bills before Parliament: Finance Bill 2024–25
• Read Explanatory Notes: Finance Bill 2024–25
• House of Commons Library Briefing Paper

Guidance on submitting written evidence

Deadline for written evidence submissions

The Public Bill Committee is now able to receive written evidence. The sooner you send in your submission, the more time the Committee will have to take it into account during its consideration of the existing clauses of the Bill and of any amendments tabled to the Bill. 

The first sitting of the Public Bill Committee is expected to be on Tuesday 28 January 2025 and the Committee will report the Bill by 5pm on Tuesday 4 February 2025. However, please note that when the Committee concludes its consideration of the Bill it is no longer able to receive written evidence and it can conclude earlier than the deadline of 5pm on Tuesday 4 February 2025. You are strongly advised to submit your written evidence as soon as possible.

Your submission should be emailed to scrutiny@parliament.uk

Further guidance on submitting written evidence can be found here (pdf, 1MB).

Image: Parliamentary Copyright