The Compatible Mr Brown?

The Compatible Mr Brown?

In this special Finance Bill Edition of Tax Insight we have selected issues which have caught the attention of advisers and commentators in the aftermath of last month's Budget Day press releases. One of these, the implications of the decision of the European Court in the case of ICI -v- Colmer, only obliquely relates to the Finance Bill in that one of the Budget press releases refers to further consultation taking place relating to the creation of cross-border groups for the purposes of the taxation of chargeable gains, and the Bill itself does not as yet contain the legislation that will be necessary to reconcile UK tax law to articles 52 and 58 of the E.C. Treaty. However, as the debate concerning the implications of Colmer continues to develop, whether through business meetings, the press, the publicity material of tax accountants published through hand-outs or through contacts in the press, we have sought to take stock of the current situation.