Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill

About this bill

This taxation omnibus bill introduces amendments to the Income Tax Act 2007, the Tax Administration Act 1994, and the Student Loan Scheme Act 2011. The three main policy proposals in the bill are: changes to business taxation to make tax simpler; implementing the G20/OECD standard for Automatic Exchange of Financial Account Information in Tax Matters; and changes to implement the disclosure requirements for foreign trusts recommended by the Government Inquiry into Foreign Trust Disclosure Rules.

Current status

Royal Assent given 21 February 2017.
Enacted as the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017/3)

Member of Parliament responsible
Bill type

Government bill



All data
Bill type Government bill
Parliament 51
Ref 149-3
Introduced 8 August 2016
First reading 11 August 2016
Select Committee Finance and Expenditure Committee
Public submissions due 9 September 2016
Select Committee report back 28 November 2016
Second reading 7 February 2017
Committee of the whole House 8 February 2017
Third reading 14 February 2017
Royal Assent 21 February 2017
Enacted as Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017/3)
Divided No

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