Finance Bill 2016 has been held over for the summer holidays. The Report Stage is now scheduled for 3rd September with third reading to follow in the House of Commons. As HOC third reading is when the Bill becomes substantively enacted for IFRS and UK GAAP purposes Finance Bill is likely to be substantively enacted for Q3 reporting. Most important implication is that the 17% rate to apply from 2020 will be substantively enacted from September / October.
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