Bill Dodwell, head of tax policy at Deloitte, considers what tax
measures the Chancellor is expected to focus upon in the Budget on
19th March, and what we already know is in Finance Bill 2014:
"Former Chancellor Lord Lawson of Blaby has often said that
Budget secrecy is essential for delivering tax reform. However, the
politics of coalition have often meant that tax policy debates have
played out in public. Judged by Lord Lawson's standard either
we are facing significant tax reform - or the coalition considers
it has delivered its main tax policy objectives and further reform
must await the 2015 general election.
"The new approach to tax policy making means that much more
notice is given of potential tax and national insurance changes -
so many new measures are in the pipeline. Some of those have
already been legislated; others await fleshing out and
consultation.
