Stephen Edge Slaughter and May writes on the latest Finance Bill developments
'Act in haste and repent at leisure' is a useful maxim (especially for parents whose children have not yet acquired the temporary deafness that usually accompanies the teenage years) — but not apparently if someone else is paying the bill for your hasty actions!
The Finance Bill has gone through in simplified form (a mere 200 pages or so!) and the deal apparently agreed was that whichever party is in government after the election will reintroduce the removed provisions and the parties in opposition will not object to the rules coming in retrospectively to the original Budget date (16 March).
Anyone in opposition should readily have agreed to this: possible retrospectivity is clearly a small price...
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Stephen Edge Slaughter and May writes on the latest Finance Bill developments
'Act in haste and repent at leisure' is a useful maxim (especially for parents whose children have not yet acquired the temporary deafness that usually accompanies the teenage years) — but not apparently if someone else is paying the bill for your hasty actions!
The Finance Bill has gone through in simplified form (a mere 200 pages or so!) and the deal apparently agreed was that whichever party is in government after the election will reintroduce the removed provisions and the parties in opposition will not object to the rules coming in retrospectively to the original Budget date (16 March).
Anyone in opposition should readily have agreed to this: possible retrospectivity is clearly a small price...
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:
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