Tax framework for business
The Treasury has recently issued a 'Tax framework for business' document.
I am wholly in agreement with the principles outlined – competitive rates, fairness, simplicity, stability and certainty. Where I have a problem is on delivery – our tax code is the longest in Europe; HMRC has just introduced legislation backdated to 2007, and the Courts have ruled that HMRC guidance cannot be relied on – and that’s without taking time to think.
The document requests comments – I would urge you to do so before our tax system becomes so complex and uncertain it becomes unworkable.
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Cathy you can call her on 01908 605552.
Date: 1st March, 2010
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