Want to know (or at least pretend you know) what the Queen was talking about when she addressed the House of Lords this morning? Here are the bills that the government will bring into Parliament over the next 12 months, and what they’ll do:
National Insurance Contributions Bill
– The £2,000 employment allowance for every business and charity announced in this year’s Budget.
– Measures to combat tax avoidance, including an extension of the General Anti-Abuse Rule, which targets aggressive tax avoidance schemes, to National Insurance Contributions.
– Further attempts to stop companies avoiding paying NICs using offshore employment payroll companies.
– Measures minimising the tax advantages for limited liability partnership members by ending the automatic presumption that they are self-employed when they are technically employees.
Deregulation Bill
– A duty on regulators of industries to consider the impact that their actions will have on growth.
– Council and housing association tenants will qualify for the Right to Buy and Right to Acquire after three years, down from five.
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