Rumours are circulating again that it may be necessary to publish more specific details of the taxation increases and expenditure cuts in the Budget, scheduled to occur on Tuesday 7th December.
If it happens that more specific details of the economic measures have to be published, the argument goes that it may be necessary to actually introduce the Budget early to prevent people taking avoiding actions.
Rumours are just that – rumours. This one has been doing the rounds for a few weeks now. Having said that we are in uncharted water in terms of what may happen with regard to government finances so nothing should be ruled out. The sensible thing for advisors to do would be to advise clients to immediately put in place whatever actions they were planning to in any event.
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