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The first casualty of the accelerated parliamentary program for the Finance Bill 2015 is the proposal for the £50 statutory exemption for trivial benefits

Also put on hold are some minor changes to Consortium Relief for Corporation Tax and changes to the Enterprise Investment Scheme and Venture Capital Trusts.

Time will tell if these measures actually see the light of day.

author

Scott Burkinshaw

Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.

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