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Half-Term Report

 
Stephen Edge Slaughter and May feels that considerable progress has been made but there is work still to be done
 
This is an appropriate message in relation to the disclosure regulations whose various manifestations since the Budget announcement indicated what titanic efforts have had to be made both within the Inland Revenue and by external professional advisers to get something that might possibly work in practice.
How things could have been
 
Life would have been so much easier if the new rules had been targeted only at employment-driven products and mass-marketed other products. The definitional issues would have been fine and the Inland Revenue could have taken time over the years to see whether or not...

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