Vengeful gods

KEY POINTS

• Gains and losses within company groups.
• Modernising foreign profits.
• Debt cap and anti avoidance.
• Outdated Treasury consents legislation.

It was with cruel irony that Exchequer Secretary to the Treasury (as she then was) Kitty Ussher (having replaced Angela Eagle) said she had learnt ‘there are Finance Bill gods’ whom she described as ‘slightly vengeful and playful’ as she had been ‘glorying in the fact’ that although she had served on the committee for the past two years she had not been required this year.

‘Only one swift phone call later I found myself here again.’

Lucky for her that seeing into the future is not one of her talents as her presence was not required for much longer.

However Taxation will make the most of her time on the committee.

The...