TaxAdministrationUK200 Group slams pre-Budget report scrap as “retrograde”

UK200 Group slams pre-Budget report scrap as "retrograde"

Ditching the pre-Budget report would be a "retrograde step" says UK200 Group member

The UK200Group of independent accountancy and law firms has warned against
scrapping the Pre-Budget Report after reports emerged that the new government
may be considering the move.

The pBr has been useful for the profession, taxpayers and businesses in
giving advance warning of potential measures and also allowing them to lobby the
government for changes.

UK200 group representatives have raised a red-flag on scrapping the deal.

Cormac Marum, tax partner at Harwood Hutton said:

“We need greater transparency in government financial planning so that
business has a better chance to see the changes coming and plan accordingly.
Ditching the Pre-Budget Report would be a retrograde step in my view as a tax
partner.”

Further reading:

George
Osborne may drop pre-Budget report

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