Portillo told MPs in a debate on the Finance Bill: ‘Labour has ignored calls from industry to drop these botched and damaging proposals.
‘The chancellor has merely offered a stay of execution whilst leaving the axe hanging over Britain’s competitiveness.’
Portillo said no-one agreed with the government’s low estimate of how much ‘this stealth tax’ would cost British companies.
He added: ‘When major business organisations say that Gordon Brown’s proposals will make Britain a much less attractive location for international companies, the response should be to scrap them, not just put them back a few months.’
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy