The Government had set up a plan to have one budget a year in the Autumn with the Finance Bill being published in December allowing for the bill to become law before the start of the next tax year.
However, first of all, there was the prorogation of Parliament and then the Government sought a general election which has so far which the House of Commons has not given assent. The anticipation was that there would be a budget by the new Chancellor in October or November, however with the election being postponed, it is unlikely to take place before a general election if that happens in the Autumn.
This does not mean that all tax changes are being put on hold, draft legislation has already been published for Finance Bill 2020 including significant changes to principal private residence relief, the introduction of a digital service relief and restrictions on the use of capital losses by larger companies.
Primondell will be keeping you briefed on significant Autumn tax changes as they are announced.