Finance Act 2020
grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.
Government Bill
(HM Treasury)
What is this Bill?
The Finance Act 2020 was a Government Bill that became an Act of Parliament.
Is this Bill currently before Parliament?No. This Bill was introduced on 17 March 2020 and became an Act of Parliament on 22 July 2020.
Whose idea is this Bill?Government Bills implement the legislative agenda of the Government. This agenda, and the Bills that will implement it, are outlined in the Queen's Speech at the Session's State Opening of Parliament.
How can I find out exactly what this Bill does?The most straightforward information is contained in the initial Explanatory Notes for the Bill.
Would you like to know more?See these Glossary articles for more information: Act of Parliament, Government Bills, Process of a Bill
Official Bill Page Initial Explanatory Notes Initial Briefing papers Initial Library Notes Ministerial Extracts from Debates All Bill Debates
This bill has received Royal Assent and has become an Act of Parliament
Bill Progession through Parliament
Latest Key documents
Amendment paper
02/07/2020
Timeline of Bill Documents and Stages
22nd April 2021
Will write letters
Letter Jesse Norman MP to Angela Eagle MP and Gary Streeter MP regarding Government amendments tabled ahead of the Public Bill committee stage: Clause 18 and Schedule 2: Extended loss carry back for businesses, Clause 29 and Schedule 5: Pension schemes: collective money purchase benefits
22nd April 2021
Will write letters
Letter from Jesse Norman MP to Angela Eagle MP and Gary Streeter MP regarding powers contained in the Bill
22nd July 2020
Royal Assent: (Minutes of Proceedings) (Lords)
22nd July 2020
Royal Assent (Hansard) (Commons)
22nd July 2020
Act of Parliament
Finance Act 2020 (c. 14)
17th July 2020
3rd reading: (Minutes of Proceedings) (Lords)
17th July 2020
3rd reading (Hansard) (Lords)
17th July 2020
Committee negatived: (Minutes of Proceedings) (Lords)
17th July 2020
Committee negatived (Hansard) (Lords)
17th July 2020
2nd reading: (Minutes of Proceedings) (Lords)
17th July 2020
2nd reading (Hansard) (Lords)
10th July 2020
Tracked changes versions of Bills: Commons
Tracked changes version of the bill as amended in the Commons compared to the version as introduced
10th July 2020
Tracked changes versions of Bills: Commons
Tracked changes version of the bill as amended in the Commons compared to the version as introduced (PDF)
7th July 2020
Library Notes
Finance Bill: Briefing for Lords Stages
3rd July 2020
Bill proceedings: Commons
All Proceedings up to 2 July 2020 at Report Stage
3rd July 2020
Public Bill Committee and report stage proceedings: Commons
Report Stage Proceedings (Day 1) (PDF)
2nd July 2020
1st reading: (Minutes of Proceedings) (Lords)
2nd July 2020
1st reading (Hansard) (Lords)
2nd July 2020
Report stage:Report: 2nd sitting (Commons)
2nd July 2020
Amendment Paper
Consideration of Bill Amendments as at 2 July 2020
2nd July 2020
Amendment Paper
Consideration of Bill Amendments as at 2 July 2020 - large font accessible version
2nd July 2020
Bill
HL Bill 123 (as introduced)
2nd July 2020
Amendment papers
Consideration of Bill Amendments as at 2 July 2020 - large font accessible version (PDF)
1st July 2020
Report stage:Report: 1st sitting (Commons)
1st July 2020
Programme motion
1st July 2020
Ways and Means resolution
1st July 2020
Amendment Paper
Consideration of Bill Amendments as at 1 July 2020 - large font accessible version
1st July 2020
Amendment Paper
Consideration of Bill Amendments as at 1 July 2020
1st July 2020
Selection of amendments: Commons
Speaker's provisional grouping and selection of Amendments
1st July 2020
Selection of amendments: Commons
Speaker's provisional grouping and selection of Amendments (PDF)
30th June 2020
Amendment Paper
Notices of Amendments as at 29 June 2020
29th June 2020
Amendment Paper
Notices of Amendments as at 26 June 2020
26th June 2020
Amendment Paper
Notices of Amendments as at 25 June 2020
25th June 2020
Amendment Paper
Notices of Amendments as at 24 June 2020
24th June 2020
Amendment Paper
Notices of Amendments as at 23 June 2020
23rd June 2020
Amendment Paper
Notices of Amendments as at 22 June 2020
22nd June 2020
Amendment Paper
Notices of Amendments as at 19 June 2020
19th June 2020
Bill proceedings: Commons
All proceedings up to 18 June 2020 at Public Bill Committee Stage
19th June 2020
Bill
Bill 142 2019-21 (as amended in Committee) large font
19th June 2020
Bill proceedings: Commons
Public Bill Committee Proceedings as at 18 June 2020
19th June 2020
Bill
Bill 142 2019-21 (as amended in Committee)
19th June 2020
Bills
Bill 142 2019-21 (as amended in Committee) (PDF)
19th June 2020
Written evidence
Written evidence submitted by the Tax Law Review Committee of the Institute of Fiscal Studies (FB32)
18th June 2020
Committee stage:s: compilation pdf of sitting so far (Commons)
18th June 2020
Committee stage: 10th sitting (Commons)
18th June 2020
Committee stage: 9th sitting (Commons)
18th June 2020
Amendment Paper
Public Bill Committee Amendments as at 18 June 2020
17th June 2020
Bill proceedings: Commons
Public Bill Committee Proceedings as at 16 June 2020
17th June 2020
Public Bill Committee and report stage proceedings: Commons
All proceedings up to 16 June 2020 at Public Bill Committee Stage (PDF)
17th June 2020
Amendment Paper
Notices of Amendments as at 16 June 2020
17th June 2020
Will write letters
Letter from Jesse Norman MP to Bridget Phillipson MP regarding Clause 77 (Stamp duty: acquisition of a target company's share capital) in cases where multiple shareholders of an unlisted company each own less than 25% of share capital
17th June 2020
Will write letters
Letter from Jesse Norman MP to Alison Thewliss MP regarding Clause 78, the number of businesses using the previous call-off stock arrangements (requiring them to register for VAT in an EU Member State)
17th June 2020
Will write letters
Letter from Kemi Badenoch MP to Wes Streeting MP regarding Clause 89-90, the effectiveness of the Climate Change Levy and plans for implementing a green gas levy
17th June 2020
Will write letters
Letter from Kemi Badenoch MP to Alison Thewliss MP, Wes Streeting MP, and Stephen Flynn MP regarding Clause 79 (Post duty point dilution of wine/made-wine) and alcohol duty generally: public health implications
17th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 5 (18 June 2020) (PDF)
17th June 2020
Will write letters
Letter from Kemi Badenoch to Wes Streeting MP regarding on Clause 82: the measurement of carbon dioxide for Vehicle Excise Duty
17th June 2020
Will write letters
Letter from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding Clause 36 in Public Bill Committee: guidance on top slicing tax relief on life insurance policy gains
17th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 5 (18 June 2020)
17th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation New Clause 1 and New Schedule 1 Workers' services provided through intermediaries (FB31)
17th June 2020
Written evidence
Written evidence submitted by the Small to Medium Business Group (SMB) (supplementary evidence) (FB30)
17th June 2020
Written evidence
Written evidence submitted by the Small to Medium Business Group (SMB) and The Loan Charge Action Group (FB29)
17th June 2020
Written evidence
Written evidence submitted by ETC Tax (FB28)
16th June 2020
Committee stage: 8th sitting (Commons)
16th June 2020
Committee stage: 7th sitting (Commons)
16th June 2020
Amendment Paper
Public Bill Committee Amendments as at 16 June 2020
15th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 4 (16 June 2020) (PDF)
15th June 2020
Written evidence
Written evidence submitted by the Society of Trust and Estate Practitioners (STEP) (FB01)
15th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 4 (16 June 2020)
15th June 2020
Written evidence
Written evidence submitted by Jonathan Kidd (FB04)
15th June 2020
Written evidence
Written evidence submitted by the Self-Employed Alliance (FB27)
15th June 2020
Written evidence
Written evidence submitted by the The Loan Charge Action Group (FB26)
15th June 2020
Written evidence
Written evidence submitted by Armadillo Support Limited (FB25)
15th June 2020
Written evidence
Written evidence submitted by WTT Consulting (FB24)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clauses 100-101 HMRC Administration and Compliance (FB23)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clause 97 Liability of company directors etc (FB22)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clauses 95-96 Priority on insolvency (FB21)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clause 72 IHT excluded property (FB20)
15th June 2020
Written evidence
Written evidence submitted by Anthony Johnson (FB19)
15th June 2020
Written evidence
Written evidence submitted by John Clarke (FB18)
15th June 2020
Written evidence
Written evidence submitted by Tim Brain (FB17)
15th June 2020
Written evidence
Written evidence submitted by Nick Pennington (FB15)
15th June 2020
Written evidence
Written evidence submitted by an individual who wishes to remain anonymous (FB14)
15th June 2020
Written evidence
Written evidence submitted by Andrew Stokes (FB13)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Part 2 Digital Services Tax (FB12)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clause 36 Top Slicing Relief (FB11)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clauses 27-30 Business Reliefs (FB10)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clause 23 Private Residence Relief (FB09)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clause 22 Entrepreneurs' Relief (FB08)
15th June 2020
Written evidence
Written evidence submitted by the Chartered Institute of Taxation Clauses 7-21 Employment Tax (FB07)
15th June 2020
Written evidence
Written evidence submitted by Peter Aveyard, Director of Lead BA Limited (FB06)
15th June 2020
Written evidence
Written evidence submitted by Martin Barber (FB05)
15th June 2020
Written evidence
Written evidence submitted by Dr Graham Walker (FB02)
12th June 2020
Bill proceedings: Commons
Public Bill Committee Proceedings as at 11 June 2020
12th June 2020
Amendment Paper
Notices of Amendments as at 11 June 2020
12th June 2020
Public Bill Committee and report stage proceedings: Commons
All proceedings up to 11 June 2020 at Public Bill Committee Stage (PDF)
11th June 2020
Committee stage: 6th sitting (Commons)
11th June 2020
Committee stage: 5th sitting (Commons)
11th June 2020
Amendment Paper
Public Bill Committee Amendments as at 11 June 2020
11th June 2020
Will write letters
Letter from Jesse Norman MP to Wes Streeting MP regarding the impact of Clause 30 on the ability of companies to set capital losses against gains made on pre-Finance Act 2002 (pre-FA 2002) intangible assets
10th June 2020
Amendment Paper
Notices of Amendments as at 9 June 2020
10th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 3 (11 June 2020)
10th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 3 (11 June 2020) (PDF)
10th June 2020
Bill proceedings: Commons
Public Bill Committee Proceedings as at 9 June 2020
9th June 2020
Committee stage: 4th sitting (Commons)
9th June 2020
Committee stage: 3rd sitting (Commons)
9th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 2 (9 June 2020) (PDF)
9th June 2020
Amendment Paper
Public Bill Committee Amendments as at 9 June 2020
9th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 2 (9 June 2020)
9th June 2020
Relevant documents
Letter from the Financial Secretary of the Treasury regarding Clause 10
5th June 2020
Amendment Paper
Notices of Amendments as at 4 June 2020
5th June 2020
Bill proceedings: Commons
Public Bill Committee Proceedings as at 4 June 2020
5th June 2020
Will write letters
Letter from Jesse Norman MP to Wes Streeting MP regarding income tax on apprenticeship bursary payments made to care leavers
4th June 2020
Committee stage: 2nd sitting (Commons)
4th June 2020
Committee stage: 1st sitting (Commons)
4th June 2020
Will write letters
Letter dated 04/06/2020 from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding powers in the Finance Bill
4th June 2020
Amendment Paper
Public Bill Committee Amendments as at 4 June 2020
4th June 2020
Will write letters
Letter from Jesse Norman MP to Siobhain McDonagh MP and Andrew Rosindell MP regarding Government amendments
4th June 2020
Relevant documents
HM Treasury proposed Amendment 3 to Clause 17
4th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 1 (4 June 2020) (PDF)
4th June 2020
Selection of amendments: Commons
Chairs’ provisional selection and grouping of amendments - Day 1 (4 June 2020)
4th June 2020
Relevant documents
HM Treasury proposed New Clause 1 and New Schedule 1
4th June 2020
Relevant documents
HM Treasury proposed Amendments 1 and 2 to Clause 15
4th June 2020
Relevant documents
HM Treasury draft Regulations relating to Clause 96 of the Bill
4th June 2020
Relevant documents
Letter from the Financial Secretary of the Treasury regarding secondary legislation making powers
4th June 2020
Relevant documents
Proposed Government Amendments Letter from the Financial Secretary of HM Treasury
3rd June 2020
Amendment Paper
Notices of Amendments as at 2 June 2020
2nd June 2020
Amendment Paper
Notices of Amendments as at 1 June 2020
21st May 2020
Amendment Paper
Notices of Amendments as at 20 May 2020
19th May 2020
Ways and Means resolution
19th May 2020
Amendment Paper
Notices of Amendments as at 18 May 2020
17th May 2020
Press notices
Have your say
17th May 2020
Press notices
Have your say (PDF)
27th April 2020
2nd reading (Commons)
27th April 2020
Programme motion
27th April 2020
Ways and Means resolution
27th April 2020
Briefing papers
Briefing paper for Second Reading
22nd April 2020
Human rights memorandum
Human Rights Memorandum from HM Treasury
21st April 2020
English votes for English laws
Speaker's Signed Certificate
19th March 2020
Explanatory Notes
Bill 114 EN 2019-21 - provided by HM Treasury
18th March 2020
Explanatory Notes
Bill 114 EN 2019-21 - large font accessible version provided by HM Treasury
18th March 2020
Bill
Bill 114 2019-21 (as introduced)
17th March 2020
1st reading (Commons)
11th March 2020
Bill
Bill 114 2019-21 (as introduced) - large font accessible version
11th March 2020
Relevant documents
Explanatory Notes on the Budget Resolutions
11th March 2020
Relevant documents
Budget Resolutions