20 Jul 2010
The Chartered Insitute of Taxation's director of tax, John Whiting, has been appointed to help run the Treasury's Office of Tax Simplification.
Whiting joins former Treasury minister Michael Jack in being charged with finding ways reducing the complexity in the tax system for small businesses and propose alternatives.
The appointments are due to be announced at the press conference this morning at the Treasury.
Jack and Whiting will be responsible for recruiting full time civil servants to staff the new office and persuade accountancy firms to second staff to help.
The Times reports this morning that Treasury minister David Gauke will say that the new office will assist government in making reforms.
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Visitor comments Add your comment
Are poachers going to be the best gamekeepers?
How can accountants seconded from accountancy firms recommend simplifying tax for SME's (or anyone else for that matter)? Accountants from firms have a vested interest in keeping things as complex/incomprehensible as possible. Accountants in business who did not even train in a firm would be far better!
Posted by: D M Marler, 20 Jul 2010 | 00:00
National Insurance
Will they have the courage to admit that NI is a tax, add it to income tax, reveal the true rates of tax adn dispense with a complete layer of bureaucracy?
Posted by: MAZ, 20 Jul 2010 | 00:00
The Smaller Entities
The larger firms of accountants know little and care less for the bulk of sole traders who represent the largest section of those oppressed by the tax system
Who is going to represent them?
Posted by: Peter Gorlov MSc MAE CFE, 20 Jul 2010 | 00:00
Poachers turned gamekeepers
As someone who has spent 37 years in tax avoidance, I have little doubt that a poacher would make an excellent gamekeeper. The incompetence of our legislators to date has been truly breathtaking.
Posted by: Michael R. Stannard, 20 Jul 2010 | 00:00
SME Taxation
Why not have a two tier tax system, with a threshold for the SME and apply a standard rate of tax on their turnover only, to do away with their P/L all together. It will be up to them to minimise their expenses to maximise their cash profits. That is it.
Posted by: Paul Lembutu, 21 Jul 2010 | 00:00
Comment
Is it only me that finds it supremely ironic that a former senior partner in the biggest accounting firm in the world ever, a large part of whose income is derived from bending, breaking and devising artificial schemes to circumvent tax laws, leading to????. COMPLEXITY in the TAX SYSTEM.
I would be delighted to hear John Whiting?s comments on the above. Look at his expression in the photo - he's trying unsuccessfully not to wet himself at this.
Posted by: roger rabbit, 21 Jul 2010 | 00:00