CIoT president slams UK's "flawed" tax framework
Vincent Oratore, the new president of the CIoT says the way tax law is developed and implemented in the UK is "deeply flawed"
The incoming president of the CIoT has branded the UK tax rules as deeply
flawed in terms of development and implementation.
Vincent Oratore said tax law reform would be top of his agenda after being
sworn in as the taxation institute’s new president yesterday.
“The way tax law is developed and implemented in the UK is deeply flawed,”
said Oratore.
“There is not enough expert scrutiny and there is a shortage of parliamentary
time for considering the effect that changes to the tax system will have before
they are made law.”
Oratore flagged up this year’s pre-election Finance Bill, which was rushed
through with just three hours of debate in the House of Commons, as a ”
particularly glaring example.”
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