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The Finance Bill 2017-2018 is a 190 page-document that contains some significant tax proposals which, if agreed, will form the Finance Act 2018. While you may be thinking that 190 pages is an awful lot of tax information for anyone to sift through, it is, in fact, very slim compared to previous versions.
Why is it slimmer than usual?
Since Gordon Brown was Chancellor, tax professionals have become used to hefty Finance Bills arriving at least once a year. This Finance Bill was the third presented to Parliament this year. The Bills are scrutinised by MPs – who are paid for their time, and members of the professional bodies’ tax technical committees – who aren’t. These people are often volunteers, so they must be pleased that this Bill cuts to the chase.
What’s in it?
If any of these issues seem relevant to you, or you’re not sure whether they are or not, feel free to ask us. You can call our helpful team on 020 8530 0720 or email firstname.lastname@example.org.
This article is a condensed version of one that appeared on AccountingWeb; you can read the original here.
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