Useless (?) Fact of the Day

Income tax is still a “temporary” tax – it expires each year on 5 April and Parliament has to reapply it by an annual Finance Act. For up to four months until the Finance Act becomes law, the Provisional Collection of Taxes Act 1913 ensures that taxes can still be demanded.

Comments

  1. another example of the modern practices implemented by our fraternal friends at the revenue?!

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