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Finance Bill 2013: Why Doesn't HMRC Consult Industry Before Drafting New Legislation?

The Chancellor's Budget speech was focused on the theme of an 'aspiration nation'. He may not have had the medical meaning of 'aspiration' in mind, but it certainly caused much aspiration ('drawing in or out using a sucking motion') among professional tax advisors when HM Treasury produced 629 pages of Finance Bill on Maundy Thursday.

With Easter (and its two bank holidays) falling between the date of its publication and, for some very important sections (the Statutory Residence Test for example), its implementation, the Treasury's liturgical conjuring trick, in pulling such a vast tome out of its Easter bonnet, was more of an April Fool than an Easter egg.

To read the article in full go to Spear's blog

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