HM Government has this afternoon published confirmation that the draft legislation which was proposed as part of the original Finance Bill No 2 will be included in the second Finance Bill of 2017, subject to some minor amendments.
The uncertainty created by the removal of these clauses has been a significant issue for a number of taxpayers and the confirmation is more than welcome.
We will be reviewing the amendments and assessing their impact for clients and look forward to commenting further once we have had an opportunity to fully understand their impact.
If you aren’t receiving our tax updates directly to your mailbox, please sign up now
Please note that this blog is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content of this blog.
Edwin Coe LLP is a Limited Liability Partnership, registered in England & Wales (No.OC326366). The Firm is authorised and regulated by the Solicitors Regulation Authority. A list of members of the LLP is available for inspection at our registered office address: 2 Stone Buildings, Lincoln’s Inn, London, WC2A 3TH. “Partner” denotes a member of the LLP or an employee or consultant with the equivalent standing.