Senior Conservatives are set to reject a Liberal Democrat proposal to bring forward the next Budget to mid-February, BBC News has reported. Such a move could squeeze the timetable for consultation on the draft Finance Bill measures expected to be published in December.
A relatively short Bill may be presented in the run-up to the general election. However, Finance Act 2010, which received Royal Assent before Parliament was dissolved to make way for the last election, comprised 70 sections and 20 schedules. It was the first of three Finance Acts passed in 2010.
Read more at AccountingWEB.