Finance Act 2022
The full text of the Act as enacted on 24 February 2022.

Finance (No. 2) Bill 2021
Text of the of the Bill as introduced on 4 November 2021, accompanied by explanatory notes, subsequent versions, and record of its progress through parliament.

Finance Bill 2021–22
Collection of supporting documents for Finance Bill 2021–22, including draft legislation first published on 20 July 2021 on income tax, corporation tax, insurance premium tax, and anti-avoidance. Also includes measures with effect from 27 October 2021 on diverted profits tax.

Draft Finance Bill 2021–22 and ICAEW responses

Draft legislation published for Finance Bill 2021–22
20 July 2021, HM Treasury and HMRC
Draft legislation, supporting documents and tax information and impact notes (TIIN) covering proposed measures on income tax, corporation tax, insurance premium tax, anti-avoidance, and other issues.

ICAEW REP 77/21: Basis Period Reform
27 August 2021, ICAEW
ICAEW representation responding to the draft legislation. It urges the government not to implement proposals, and warns that the proposed reform is likely to increase costs, complexity and uncertainty for those businesses affected and could damage the UK’s attractiveness as a place for the location of international service firms.

ICAEW REP 85/21: Promoters of tax avoidance schemes
14 September 2021, ICAEW
ICAEW representation responding to the draft legislation. It points out that the legislation includes subjective terms and tests which are open to interpretation, and recommends that they are amended or that HMRC creates guidance outlining its interpretation to avoid confusion.

ICAEW REP 86/21: Notification of uncertain tax treatments
14 September 2021, ICAEW
ICAEW representation responding to the draft legislation. It concludes that the proposed measures will introduce additional complexity and not provide the clarity needed by taxpayers.

ICAEW REP 99/21: Residential property developer tax draft legislation
13 October 2021, ICAEW
ICAEW representation response. It discusses concerns and makes recommendations on clauses regarding RPD activities, joint venture companies, and groups.

ICAEW REP 123/21: Finance (No.2) Bill 2021–22 CL 94 Sch15: Notification of uncertain tax treatments
12 October 2021, ICAEW
ICAEW written submission to the House of Lords Economic Affairs Committee Finance Bill Sub-Committee on basis period reform and notification by large businesses of uncertain tax treatment.

Autumn Budget 2021

Chancellor launches vision for future public spending
7 September 2021, HM Treasury
The Chancellor announces that the government will publish Autumn Budget 2021 on 27 October 2021, alongside Spending Review 2021.

ICAEW hub: Autumn Budget 2021
See ICAEW's analysis of key announcements, explainer webinars, and news. Also includes ICAEW's letter to the Chancellor ahead of Autumn Budget 2021 and representation to the Treasury.

Notes on Finance Bill 2021–22 resolutions
27 October 2021, HMRC
Explanatory notes giving a brief description of each Finance Bill resolution.

Finance (No. 2) Bill

Finance (No. 2) Bill
Published on 4 November 2021.

Note on new Finance Bill resolution at Second Reading
17 November 2021, HM Treasury
A brief note on diverted profits tax and corporation tax closure notices.

ICAEW REP 122/21: Finance (No.2) Bill 2021–22 CL 94 Sch15: Notification of uncertain tax treatment
7 December 2021, ICAEW
ICAEW representation response. It raises concerns and makes recommendations relating to discovery assessments, quantification of tax advantage, transfer pricing, and notification of uncertainties.

Finance Act 2022

The Bill received Royal Assent on 24 February 2022 and became the Finance Act 2022.

Tax experts have produced analysis of the clauses from the initial release of the draft clauses through to the passage of the Bill through Parliament.

BDO Insights
News and opinion from BDO, including:

• Notification of uncertain tax treatment by large businesses (5 July 2021)
• New Pension Measures Proposed (29 July 2021)
• Changing how business profits are taxed from 2022/23 – basis period reform (5 November 2021)
• Residential Property Developer Tax - how it will work (18 November 2021)
• Uncertain Tax Treatments - what you need to know (18 November 2021)

KPMG Tax Matters Digest
A bi-weekly newsletter covering UK tax developments with KPMG's analysis. Key commentary on the Finance Bill 2021–22 include:

• L-Day 2021: Government publishes draft legislation for Finance Bill 2022 and several consultation responses on L-Day 2021 (2 August 2021)
• Notification of uncertain tax treatments draft legislation published (2 August 2021)
• UK Asset Holding Companies: Consultation response and draft legislation (2 August 2021)
• Amendments to the UK REIT rules (2 August 2021)
• Income tax basis period reform and earlier payment of tax (2 August 2021)
• Finance Bill 2022 (8 November 2021)
• FB: Update on income tax basis period reform and earlier payment of tax (8 November 2021)
• FB: Creative sector tax reliefs (8 November 2021)
• FB: Reform of the UK Tonnage Tax regime (8 November 2021)
• FB22: Final amendments now passed, including a new tax on energy retailers (7 February 2022)

RSM UK Weekly tax brief
Regular feature of RSM's blog commenting on tax issues and news. Articles on the Finance Bill 2021–22 include:

• Finance Bill 2022 – already? (July 2021)
• Draft legislation published for Finance Bill 2021-22 (July 2021)

• View a list of articles and books in our collection on Finance (No. 2) Bill 2021 and Finance Act 2022

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

The Library holds an extensive collection of Finance Acts (from the 19th century onwards), Finance Bills (from 1951 onwards), debates on the Finance Bill as recorded in Hansard, and Standing Committee Debates on the Finance Bills. Alongside this you can also find many publications from the ICAEW and other bodies on the Finance Bills and Acts.

For full details of our holdings in this area, see our guide to Finance Acts and Bills in the Library collection.

We also maintain an online archive of links and resources for Finance Acts 1980–1995 and for Finance Acts 1996–.