What a mess! By Rebeccca Benneyworth
Consultationed out? Rebecca Benneyworth is depressed by the turn that tax is taking.
The closing wire before Christmas, and tax is in a pretty pickle. We have the undoubtedly daft income shifting proposals, which have provoked comment and concern from all quarters, and now the CGT announcements have been delayed until 2008.
Then we have the “Consultation Impact assessment” on the topic of “Payrolling benefits in kind”. This is designed to eliminate P11D, and started as a simplification measure. But reading the document makes a number of things clear.