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Two steps forward – one step back?
Key points
- First indications of the contents of next Finance Act revealed.
- A significant change to the basis of taxation for sole traders.
- Challenges ahead for cashflow management.
- Further changes to promoters regime announced.
- Clarification of the new notification rules.
Idon’t know about you but I am completely lost as to where we are in the Budget/Finance Bill/Autumn Statement/draft Finance Bill etc cycle. In the ‘good old days’ (remember them?) we had one blockbuster budget day a year after which we could relax for another 12 months whereas now there is a never-ending treadmill.
This is not necessarily a bad thing. After all the profession has consistently called for more consultation over Budget measures so we can hardly complain when the government gives us the opportunity to comment. But it would have been nice to be able to enjoy the summer weather for a...
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