On 3 December the Leader of the House announced the provisional date for the second reading of the Taxation (Post-Transition Period) Bill 2019-21 would be 9 December 2020. To date the Bill has not been published.
Documents to download
-
Income shifting (170 KB, PDF)
This note looks at the Government's recent legislative proposals to prevent 'income shifting' – arrangements used by the main earner in a family businesses to divert part of his income through the business to another person in a lower tax bracket, often their spouse, to mitigate their overall tax bill. These proposals proved controversial, and in the Pre Budget Report in November 2008 the Government confirmed that it was deferring any legislation, but would keep the issue under review.
Documents to download
-
Income shifting (170 KB, PDF)
Related posts
-
-
To support the self-employed through the coronavirus outbreak the Government has introduced the Self-Employment Income Support Scheme (SEISS).
-
This paper discusses the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement. It looks at how this procedure may be affected by the timing of a General Election, and the decision in 2017 to move the Budget from the Spring to the Autumn. It also provides some suggestions for further reading.
