Longest ever finance bill aims to modernise UK tax system

The 762-page finance bill, accompanied by more than 400 pages of explanatory notes, includes measures to make the tax system fairer while modernising it for the digital age, HM Treasury announced March 20.

It is the longest finance bill ever even though the 2017 budget, released March 8, contains surprisingly few tax measures. “Today’s finance bill is the longest on record, beating the next longest by a country mile. This rate of change and quantity of additional legislation will make life more complex for taxpayers and tax advisers alike,” said John Cullinane, tax policy director at the Chartered Institute of Taxation …

The Office of Tax Simplification has pointed out that while the length of tax legislation can give the impression of complexity, longer legislation can be easier to understand …

Read more: My news story for Tax Analysts, 21 March (paywall)