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Issue:
4454
/
Categories:
Comment & Analysis
, Admin
, Avoidance
, Budget/Finance Act
, Employees
, Income Tax
, International
, Residence & domicile
What transpired in the third and fourth Finance Bill sittings
KEY POINTS
- The constant changes to the annual investment allowance cause needless complexity.
- Deduction for medical treatment.
- Prevention of bogus self-employment.
- Loan benefit threshold lifted for the first time since 1994.
Taxation tends to approach the public bill committee debates on the Finance Bill with a shake of the head and a sigh that nothing sensible will be said we’ve heard it all before anyway and really what is the point of these debates?
Well for once that attitude has been misplaced. During the third and fourth sittings members of the committee who took part on the whole stuck to the matter in hand without veering off the issue or trying only to score political points against each other.
The third debate began with a look at...
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