Finance Act 2016 received royal assent on 15 September 2016. The Act implements tax changes not only announced at Budget 2016 but also some first raised in Autumn Statement 2015 and Summer Budget 2015. As such there is a wide range of effective dates for these provisions many of which are before the date of royal assent. The increasing volume of consultations with more announcements expected in the Autumn Statement on 23 November taken together with this pattern of committing to changes from particular dates with legislation following later makes it increasingly difficult for taxpayers to keep up to date. Not only does the Finance Act have to be reviewed to check what has now been enacted (and in what final form given the amendments that might have been made) but they also have to monitor the effective date for legislation in case...
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Finance Act 2016 received royal assent on 15 September 2016. The Act implements tax changes not only announced at Budget 2016 but also some first raised in Autumn Statement 2015 and Summer Budget 2015. As such there is a wide range of effective dates for these provisions many of which are before the date of royal assent. The increasing volume of consultations with more announcements expected in the Autumn Statement on 23 November taken together with this pattern of committing to changes from particular dates with legislation following later makes it increasingly difficult for taxpayers to keep up to date. Not only does the Finance Act have to be reviewed to check what has now been enacted (and in what final form given the amendments that might have been made) but they also have to monitor the effective date for legislation in case...
If you are not a subscriber, subscribe now to read this content.
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