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
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole