Remuneration Delivery And The 2012 Budget Statement

Compared to 2011, in relation to the impact on remuneration delivery strategies, yesterday's Budget statement was relatively benign. In fact, as most of the changes announced have either gone through a process of consultation or will not come into effect until the 2013 Finance Act and had been trailed through extensive briefing over recent weeks, one might even say that it was a little dull in terms of legislative changes. You won't hear complaints about that here! Our view is that the new process for producing tax legislation is a good one and we should all benefit from the production of law that is better at giving effect to the intention of Parliament and creates more certainty for taxpayers. The 2012 Finance Bill will be published next Thursday, 29^th March.