PracticeConsultingFinance bill to avoid controversial aspects

Finance bill to avoid controversial aspects

Tax avoidance measures likely to be shelved from finance bill until after general election.

Controversial aspects of the finance bill look set to be removed until after the general election, with tax avoidance measures in particular being shelved.

Link: Finance bill lite gets parliament time tomorrow

The news will come as a relief to tax experts, many of whom have expressed concern over there being insufficient time to properly debate the more complex aspects of proposed legislation in the finance bill.

An Inland Revenue spokesman said that ‘anything contentious’ was likely to come out. This could result in as many as 77 of the finance bill’s 172 clauses being stripped out of the bill, according to The Financial Times.

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