Budget 09: Taxpayers charter legislation brings cautious welcome

Budget 09: Taxpayers charter legislation brings cautious welcome

Taxpayers charter will be set in statute, but advisers warn that the charter must be revised first

The setting in statute of the introduction of a tax payers’ charter has met
with muted enthusiasm.

Although advisers welcomed the charter’s introduction into statute, which
will see the tax-man report annually on how well it is meeting the standards set
in the charter, the current consultation document requires significant change.

‘To have the Charter founded in statute is something to be welcomed,’ said
CIoT president Nick Goulding. ‘However, the CIoT has very real concerns over the
content of the current draft charter and its direction of travel as we have said
in no uncertain terms in our recent response to the consultation document.’

Tenon director of taxation Roger Barnard said the proof of the importance of
the charter’s introduction into statue would be how it is policed and enforced.

‘Will the charter cause a genuine change in behaviour among HMRC staff? The
proof of the pudding is how it works in practice. But it is certainly helpful
that is will be set in statute.’

The
consultation
runs until 12 May.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article