Mike Gibson examines the most significant developments in the Bill since publication of the draft provisions last year.
The Finance Bill 2012 – Finance (No.4) Bill – was published on 29 March. It is 686 pages long with 227 clauses and 38 schedules and is the longest Finance Bill yet. Notwithstanding the sheer volume of legislation the publication of the draft Finance Bill clauses on 6 December 2011 and the process of consultation meant that significant parts of the Finance Bill were well known in advance of publication. Added to this amendments chiefly to the controlled foreign companies (CFC) rules and certain anti-avoidance provisions had already been released in the period from the publication of the draft clauses up until the Budget...
