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Never mind the budget

George Osborne managed to deliver a budget which appears to offer a few giveaways, without actually giving much away

23 July 2015

Professional advisers were always likely to view the chancellor's politically astute summer budget with cynicism.

From the outset, one thing unites many of the star policy items; they will take several years to come into force, therefore their impact will be less than the headlines suggest. As ever, we have a more measured understanding now that the dust is settling.

Tax avoidance

The injection of £750m to combat aggressive evasion and avoidance will supposedly support a threefold increase in the number of prosecutions for tax offences. Hopefully we will not see flimsy prosecutions launched to meet an arbitrary target, rather than on the basis of wrongdoing.

Let's not forget that we are expecting to see the first cases under GAAR (general anti-abuse rule) filter through the co...

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