No doubt most tax practitioners have had a lot of fun reading through the recent Finance Act reflecting as they did so how fast our elected representatives work (156 pages in three hours' debate….that's effectively a page a minute…wish I could get through it that quickly).
The CIOT made a plea to the Chancellor (and others) that there shouldn't be a big Finance Bill in the wake of the Budget rushed through in a matter of moments. Arguably we could have saved our breath but our submission did produce a constructive letter from the Financial Secretary (see www.lexisurl.com/WTiRq).
I want to pick up on one particular point from Stephen Timms' letter. He comments that 'The Bill consists of 73 clauses. Of these 50 relate to tax or duty rates and anti-avoidance where it is not normal to consult…' [my emphasis].
Should it really not be normal...
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Home >Articles > FA 2010 comment: Can we consult on anti-avoidance, please?
FA 2010 comment: Can we consult on anti-avoidance, please?
No doubt most tax practitioners have had a lot of fun reading through the recent Finance Act reflecting as they did so how fast our elected representatives work (156 pages in three hours' debate….that's effectively a page a minute…wish I could get through it that quickly).
The CIOT made a plea to the Chancellor (and others) that there shouldn't be a big Finance Bill in the wake of the Budget rushed through in a matter of moments. Arguably we could have saved our breath but our submission did produce a constructive letter from the Financial Secretary (see www.lexisurl.com/WTiRq).
I want to pick up on one particular point from Stephen Timms' letter. He comments that 'The Bill consists of 73 clauses. Of these 50 relate to tax or duty rates and anti-avoidance where it is not normal to consult…' [my emphasis].
Should it really not be normal...
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