GOOD WORK by Tax Advice Network chairman Mark Lee, who has spotted a Treasury note that declares, from this Budget onwards, all tax policy changes will included within one document.
Tax advisers might see this as taking out some of the ‘fun’ of poring through the Red Book for the detail.
But somehow, despite the Treasury’s good intentions, I can’t see them doing away with this tried and trusted routine for the tax profession.
We also don’t know how big the doc will be anyway…still, don’t hold your breath that it will contain everything you’ll need to do your job. I’m sure advisers won’t want too much changed in their Budget day routine anyway.
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
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