The latest developments that matter, reviewed by Mike Lane and Zoe Andrews (Slaughter and May).
Budget implications for financial services
Tax professionals are well used to listening to the chancellor’s speech and then sifting through the piles of ancillary documents published alongside the Budget to find any announcements relevant to their area of practice which did not even get a mention in the speech itself. But this year things were done differently. The Budget announcements were mostly confined to those measures to be legislated in Finance Bill 2021 and we have to wait for what has become known as ‘tax day’ on 23 March for policy announcements of changes to be legislated for in later Finance Bills including consultations on capital gains and environmental levies. According to Jesse Norman the goal of making these announcements separately to the Budget but still all on a single day ...
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The latest developments that matter, reviewed by Mike Lane and Zoe Andrews (Slaughter and May).
Budget implications for financial services
Tax professionals are well used to listening to the chancellor’s speech and then sifting through the piles of ancillary documents published alongside the Budget to find any announcements relevant to their area of practice which did not even get a mention in the speech itself. But this year things were done differently. The Budget announcements were mostly confined to those measures to be legislated in Finance Bill 2021 and we have to wait for what has become known as ‘tax day’ on 23 March for policy announcements of changes to be legislated for in later Finance Bills including consultations on capital gains and environmental levies. According to Jesse Norman the goal of making these announcements separately to the Budget but still all on a single day ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
