Finance Bill sets new record for complexity

Share this content
0

Traditionally, the Finance Bill has never been a simple matter, but Darlings inaugural budget has reached new levels of complexity. When the Treasury finally published the Bill last Thursday, it needed 1,143 pages of explanatory notes the most ever required.

The Bill itself, at only 443 pages, is not the longest ever Finance Bill presented to government. That honour goes to the Prime Minister, who notched up 607 pages in 2006, but these only needed 466 pages of explanatory notes. All in, this years Finance Bill is the longest yet.

This is another damning indictment of the sheer complexity of the current tax system, Liberal Democrat shadow chancellor Vince Cable told AccountingWeb. This Governments obsessive tinkering with Britain's taxes during the last decade has created a system no normal...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.