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And finally....

In this edition of Baker Tilly’s weekly round-up of the most important tax news, we look at this month’s Draft Finance Bill and find out who the real winners and losers were…

If you’re feeling a little weary trying to absorb all these new tax changes, take heart - isn’t the Office of Tax Simplification (OTS) there to make tax easier for us all to understand? Today’s announcements from HMRC and HM Treasury amount to no less than 673 pages of ‘draft clauses and explanatory notes for Finance Bill 2014’ and 176 pages of ‘overview’.

This seems a surprisingly large amount of new tax changes to absorb. But is it so surprising given that the 2013 Finance Act, which became law back in the Summer, comprised 648 pages, 236 sections and 51 schedules?

So much for simplification of our already complex tax system - perhaps it is time to ask if the OTS is really doing what it says on the tin?

This was posted in Bdaily's Members' News section by Baker Tilly .