Strange things, these afternoons. The phone calls start about three minutes after the Chancellor sits down and just as Im trying to start downloading the documents and finding them under their fancy names (is that under meeting the aspirations of the British people or under Protecting Tax revenues?). And to be fair, I could download them just after he sat down.
So heres a summary, not without comments.
The government doesnt like it, as it said immediately after losing the Arctic Systems decision in the House of Lords, stamping its feet. It thinks its not fair to split your income: but its only not fair when its a distribution from a company or its partnership income. So there will be a consultation, but one of those consultations that start with draft legislation, which...