Tax advisers to become short sighted weight lifters!
A Friday lunchtime check on the Internet to see what the market was doing led me to an article at http://news.bbc.co.uk/1/hi/business/ indicating that the current version of Butterworth’s yellow tax handbook is now being printed in small print to keep it to under 10,000 pages.
The Yellow Book as we know it is the bible of all UK tax legislation and not so very long ago was in two volumes – now it is in five…
The burning question is whether we should be able to claim tax relief for our exercise classes or magnifying spectacles??? May be we should own up that we use the electronic version.
More serious is the obvious length and complexity of the legislation and whether it is now possible for anyone to look after their own tax affairs? The recent tax credit debacle would suggest that even simple matters and people with lower incomes need professional advice.
With the pre budget report expected in October it will be interesting to see if Mr Darling is more succinct than his predecessor.
Date: 7th September, 2007
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