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Inland Revenue

Tax Policy

PUBLISHED 10 November 2017

Reinstatement of Bill

On Wednesday 8 November 2017 Parliament reinstated the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill. The Finance and Expenditure Committee will now continue its consideration of the Bill. The Bill, introduced on 6 April 2017, contains measures relating to collecting employment and investment income information, reforms to the taxation of employee share schemes and sets the annual tax rates for 2017–18.

The Income-Sharing Tax Credit Bill introduced in August 2010 was not reinstated.