What price simplification?
A (rather unscientific) calculation last weekend led to my conclusion that there are currently around 23 open and 4 closed tax consultations plus 5 sets of draft regulations outstanding with HMRC.
The topics range from childcare to HMRC direct access to bank accounts. If all of the consultations take effect in next years’ Finance Act it is going to be a big publication.
The volume and diversity make it very difficult for anyone, even those full-time in tax, to keep up to date.
Is it not time to stop tinkering and look seriously at simplifying our tax code?
Date: 12th August, 2014
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