The Treasury has dismissed argument for a ‘flat tax’ – according to
information obtained by the Financial Times.
Papers released under the Freedom of Information Act suggest the Treasury is
not keen on the idea of a simplified tax system comprising the same rate of tax
on all income.
The move would not necessarily increase compliance, nor would it be
necessarily progressive, the discussion paper said. Evidence on increased
compliance was ‘at best mixed’, and suggestions that all would gain from a
trickle down effect of the tax system required ‘heroic assumptions,’ the
Treasury document said.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy