The government is being urged to scrap part of the Provisional Collection of Taxes Act to allow parliament more time to review proposed tax law changes. The plans were put forward by Lord Geoffrey Howe of Aberavon – acknowledged as a great proponent of tax law reform – during a House of Lords debate on the re-written Capital Allowances Bill. He said the automatic guillotine that applies to changes in the rate structure and the core elements of Finance Bills should be removed from other elements of annual legislation. For the full story, see www.accountancyage.com/News/1118598.
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