Finance Bill 2026-27: Draft Legislation and Tax Documents
House of Commons · Written Statements · 13 Jul 2026 · 1 speech · Official Report
The Government are today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The Government are also publishing some new consultations and a number of responses to consultations on tax policy which have concluded. The final contents of Finance Bill 2026-27 will be decided by the Chancellor at the next Budget. Modernising the tax system The Government are committed to modernising the tax system so that it is fit for our 21st-century economy and provides sustainable revenue to fund our public services into the future. Electric vehicle excise duty: as announced at Budget 2025, the Government are publishing draft legislation to implement eVED, a new mileage charge for electric and plug-in hybrid cars, which will come into effect from April 2028. Drivers will pay for their mileage alongside their existing VED. The Government have also published a summary of responses to the eVED consultation which confirms the Government decision on aspects of the tax’s design and implementation. Oil and gas revenue levy: as announced at Budget 2025, the Government are publishing draft legislation for the new permanent levy to tax exceptional oil and gas revenues in times of high prices. This had previously been referred to as the oil and gas price mechanism. Today, the Government confirm it will be legislated for as the oil and gas revenue levy. The OGRL will take effect when the energy...