Controversial aspects of the finance bill look set to be removed until after the general election, with tax avoidance measures in particular being shelved.
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.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel