PracticeAccounting FirmsFinance Bill lite gets parliament time tomorrow

Finance Bill lite gets parliament time tomorrow

Reduced version of Budget legislation rushed through before election.

An abbreviated version of the finance bill will be introduced into the commons tomorrow in an attempt to rush through legislation to safeguard government revenues before parliament is officially dissolved on Monday.

Link: Was the Finance Bill worth the weight?

The original bill was introduced to enact essential measures proposed in last month’s Budget, but with such a short window of time before electioneering begins in earnest, the government was today locked in frantic negotiations with opposition parties over what measures could be agreed before the end of the week.

A largely watered down version of the bill has been scheduled to go through all the necessary parliamentary stages tomorrow although debate could still extend into Thursday or Friday is agreement cannot be reached over some of the tax avoidance measures that have angered the opposition.

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