An announcement arrives from the Chartered Institute of Taxation. The body, the release says, has decided to give its annual ‘Challenge the Chancellor’ award to Malvern Girls College.
Schools were asked to name a new tax and why they would introduce it. Malvern suggested a nappy tax, to encourage parents to use environmentally-friendly non-disposable nappies.
Congratulations to Malvern, who now get to receive an award from the paymaster general Dawn Primarolo at the House of Commons tomorroe (and if you’re reading, I’ve got a whole lot of questions for the minister that might be worth asking her…).
What I’m most interested in here, though, is the question: should the CIoT really be suggesting new taxes to introduce every year? Isn’t that just putting ideas into Gordon’s head?
And can we have a concurrent competition assessing which taxes should be dropped?
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year