--- title: Next round of tax draft tax legislation published description: The government has published draft legislation for Finance Bill 2018-19 which is currently open for consultation, and ‘continues the government’s commitment to a competitive and fair tax system’. image: https://blog.shorts.uk.com/hubfs/Stock%20images/Office%20workplace%20with%20laptop%20and%20smart%20phone%20on%20wood%20table%20and%20london%20city%20blurred%20background.jpeg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [Business News](https://blog.shorts.uk.com/topic/business-news) # Next round of tax draft tax legislation published Jo Grant - 30 August 2018 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Stock%20images/Office%20workplace%20with%20laptop%20and%20smart%20phone%20on%20wood%20table%20and%20london%20city%20blurred%20background.jpeg) ###### The government has published draft legislation for Finance Bill 2018-19 which is currently open for consultation, and *‘continues the government’s commitment to a competitive and fair tax system’.* The draft legislation could affect a range of taxes, from Stamp Duty Land Tax (SDLT) to income tax. The draft legislation also outlines the government’s approach to the Making Tax Digital (MTD) penalty system, with HMRC outlining its intention to utilise a two-tier penalty model for businesses and individuals who fail to pay their tax on time. The July publication of the Finance Bill 2018-19 draft legislation forms part of the government’s new fiscal timetable. The consultation on the draft legislation will run until 31 August 2018. The final contents of ‘Finance Bill 2018-19’ will be subject to confirmation at Budget 2018, expected later this year in November. If you would to discuss how you will be affected by this legislation please contact a member of our team.    [![Contact us](https://no-cache.hubspot.com/cta/default/2442072/27ed3297-05cb-4553-843b-b5e5a88bcc03.png)](https://cta-redirect.hubspot.com/cta/redirect/2442072/27ed3297-05cb-4553-843b-b5e5a88bcc03)   Other related articles  - [New Patent Box – UK authorities issue new draft legislation for patent box rules](https://blog.shorts.uk.com/new-patent-box-uk-authorities-issue-new-draft-legislation-for-patent-box-rules) - [Making tax digital - changing priorities at HMRC ](https://blog.shorts.uk.com/making-tax-digital-changing-priorities-at-hmrc) ![author](https://blog.shorts.uk.com/hubfs/1678438830033-1.jpg) #### Jo Grant Jo is the Senior Marketing Manager at Shorts Chartered Accountants. [View my articles](https://blog.shorts.uk.com/author/jo-grant) Tags: [Business News](https://blog.shorts.uk.com/topic/business-news), [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. 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