In a review of measures in the 558-page Finance Bill currently being studied by an all-party group of MPs, the institute is urging MPs that it is time to question the increasingly complicated taxation system. It says that this could be done by a Royal Commission, a group of worthy individuals who study an issue and make recommendations to the government.
Heather Self, chairman of the institute’s technical committee, said: ‘The institute is increasingly worried about the additional administrative burdens that are being placed on taxpayers by the never-ending stream of new tax measures. This year’s Finance Bill, with its 558 pages of legislation, will make matters even worse.’
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