Lamport Bassitt Solicitors - Legal News - CIOT issues warning over tax changes


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS CIOT issues warning over tax changes An organisation has issued a warning to the government over planned changes to taxes. In a letter sent to chancellor Alistair Darling, the Chartered Institute of Taxation (CIOT) suggested that the proposals should not be rushed through without further parliamentary scrutiny. The organisation - which was established in 1930 and claims to have 15,000 members - said that if the March 24th Budget is followed by the announcement of a general election on May 6th, a financial bill would probably need to go through in a single day. For this reason, the Labour administration should include in it only those measures which are essential to maintain its revenue raising capacity - such as the renewal of the provision of income tax. Other plans should be left until a post-election finance bill, the CIOT suggested. Its president, Andrew Hubbard, said it "strongly believes that good tax law requires close examination and detailed scrutiny, from parliamentarians and from outside experts". Related Articles: 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net �450m a year in savings 17/4/2012 - Further regulation to encourage family mediation: justice minster More Individual Legal Services News