It's been a long time coming but the Finance Act 2016 has, at long last, been passed. Regardless of what you think of the content, this is welcome news.  Taxpayers have been subject to tax law that has had effect since April without it actually having been approved by Parliament.  Indeed, in some cases, taxpayers have been subject to legislation that had not even been published in draft form.  This does nothing to enhance the reputation of the UK tax system as being based on fair and well considered grounds.  

The ink will barely have dried on Finance Act 2016 before work commences on Finance Act 2017.  This process will publicly start when the Philip Hammond, the new Chancellor of the Exchequer makes his Autumn Statement on 23 November.  This will be an excellent opportunity to see how the new Chancellor's approach differs from that of his predecessor, George Osborne.