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UK finance bill prompts ‘scrutiny deficit’ warning

Too many of the measures in a new 315-page finance bill have not been subject to consultation, and a tight timetable adds to a “scrutiny deficit,” according to UK tax professionals.

The House of Commons is scheduled to debate the bill on November 12. As the House is currently in a short recess, most members of Parliament “will not be able to get their hands on a hard copy” until the day of the debate, said Glyn Fullelove, chair of the Chartered Institute of Taxation’s Technical Committee.

Fullelove noted that “just 37 of the 90 substantive clauses in the bill, and 12 of the 19 lengthy schedules,” were included in a draft bill published for consultation in July. My news story for Worldwide Tax Daily, published by Tax Analysts on November 8 (paywall):

U.K. Finance Bill Prompts ‘Scrutiny Deficit’ Warning

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