Stephen Edge Slaughter & May brings us the City view on the Budget
Given the circumstances this was always going to be a Budget with more of a political and economic dimension than with much in the way of detailed tax interest — though the Chancellor claimed that it was a great reforming Budget that must be questioned.
On the anti-avoidance side there were few surprises. HMRC will no doubt consider that it is in 'mopping-up' mode now that the disclosure regime appears to be operating satisfactorily (both from HMRC's point of view and in fairness from the point of view of taxpayers and their advisers).
Twin surprises
The...
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:
Stephen Edge Slaughter & May brings us the City view on the Budget
Given the circumstances this was always going to be a Budget with more of a political and economic dimension than with much in the way of detailed tax interest — though the Chancellor claimed that it was a great reforming Budget that must be questioned.
On the anti-avoidance side there were few surprises. HMRC will no doubt consider that it is in 'mopping-up' mode now that the disclosure regime appears to be operating satisfactorily (both from HMRC's point of view and in fairness from the point of view of taxpayers and their advisers).
Twin surprises
The...
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: