The UK Finance (No.2) Bill received Royal Assent on 27 April 2017, becoming the Finance Act 2017. However, as a result of Theresa May calling a general election for 8 June 2017, a large number of provisions in Finance Bill 2017 were dropped as a result of lack of Parliamentary time to consider properly the draft legislation. It is expected that those provisions that have been removed will be re-introduced following the election, depending, however, to some extent on which political party forms the next Government. The current Government stated that it intended to legislate "at the earliest opportunity" at the start of the new Parliament for the draft items that were not included in the final Finance Act.

The original draft provisions that were not enacted include the following:

• The reduction in the nil rate of dividend taxation from £5,000 to £2,000

• Amendments to the taxation of employment termination payments

• Amendments to provisions relating to Venture Capital Schemes, EIS and SEIS

• Corporation tax carried–forward loss restrictions*

• Restrictions on corporate interest relief*

• Amendments to substantial shareholding exemption*

• Extension of disguised remuneration rules to self-employed earners*

• Penalties for enablers of defeated tax avoidance