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The draft Finance Bill proposals are, on the whole, a good start, says MIKE TRUMAN
KEY POINTS
- Basic rate band change will significantly increase higher-rate taxpayers.
- No annuity at 75 is not the most radical of the pension proposals.
- ‘Disguised remuneration’ is a different approach to legislation.
- Anti-forestalling rules have immediate effect.
So this is the new way of making tax law – the full draft legislation for all the major changes available four months before Parliament starts to debate it.
I had always promised that a change of government wouldn’t stop me being rude about the failings of Treasury ministers but it has to be said that this lot seem to have made a good start.
Burying bad news
Not that there haven’t been some attempts to hide the bad news and one of them caught us out here at Taxation. We send out a news briefing e-newsletter each Friday...
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