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Income shifting - a respite

There was general rejoicing when the Chancellor announced that the Income Shifting provisions would not be introduced from 6 April. However, at least for the moment this is a postponement and not a cancellation. The Red Book shows that the Government intends to raise significant amounts of revenue from income shifting legislation from 2009 onwards. This is unlikely to go away so we must make the best of the opportunity that we have been given and sort things out over the next year.

 

 

Date: 17th April, 2008
Author: Cathy Corns

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