CIoT urges tax simpification focus
As tax law rewrite project ends, the CIoT calls for focus on tax simpification
Advisers have questioned the government’s focusing on
rewriting
tax law, as the project has come to an end, arguing that the focus
must move onto simplifying the system.
As the government’s tax law rewrite comes to an end with the publication of
corporation tax and other provisions, the
CIoT said
that while clearer legislation was welcome more effort simplifying the system
was needed.
“The new law is certainly clearer but it would have been better to put the
effort into simplifying the system rather than just the wording,” said CIoT tax
policy director John Whiting.
“The institute believes that bringing the rewrite to a close is correct, as
we have previously said. We would hope that more effort can now be put into
simplifying the tax system.”
Further reading:
Tax increases loom as government
debt grows
