UK tax professionals voice dismay at 665-page finance bill

The complexity of the UK tax code is out of control, and principles of certainty and proportionality are being sacrificed, tax professionals warned after the publication of a 665-page finance bill days before a scheduled debate by members of Parliament …

Draft clauses for a further finance bill, to be published after the autumn budget and to be enacted in Finance Act 2018, will be published for consultation on September 13 …

Tax professionals expressed dismay at the length of the bill published on September 8 …

Jeremy Cape, partner at Squire Patton Boggs, told Tax Analysts that the bill includes provisions that mark significant changes of direction for the U.K.’s tax code.

“The reason these measures were dropped [in April] was to ensure that they would be afforded proper parliamentary scrutiny once reintroduced,” Cape said. “That seems extremely ambitious and unlikely.” The Brexit process and the unexpected general election result have caused pressure on the parliamentary timetable to grow to the point where such scrutiny is “a mere pipe dream,” he said. Read more:

My news story for Tax Analysts, September 9 (paywall)