Proposals concerning the OECD cryptoassets reporting framework, changes to R&D tax reliefs for SMEs, and adjustments to stamp duty land tax rates
The Finance Bill 2024-25 was introduced to the House of Commons on November 6, 2024, and published on the parliament website on November 7, 2024, along with explanatory notes. The bill’s second reading is scheduled for November 27, 2024.
Tax measures in the bill include:
Read a November 2024 report prepared by the KPMG member firm in the UK
Finance Bill 2024-25 also includes amendments to the UK's existing Pillar Two rules. Read TaxNewsFlash