First impressions of the tax day consultations

To those of us who work on Taxation magazine every day is a tax day. But imagine our delight when the chancellor announced that 23 March would be ‘tax day’. What would it bring? Would it be a mere palate cleanser after the heavy meal of the Budget or would it in fact be the main course with the Budget turning out to have been a mere hors d’oeuvre? Having got up extra early to savour the full day it was something of a disappointment to find that the documents were not to be published until 1pm. Still half a tax day is better than none at all.

What is it?

What does tax day signify? We knew it was not going to bring announcements of immediate changes to the tax system – rather its purpose was to set out some of the key stages in the government’s long-term...