A flat tax rate could improve economic activity and tax revenues, according
to reports relating to a special Treasury paper.
The Daily Telegraph claims that an uncensored copy of a Treasury
paper reveals that a flat rate of tax on all personal and corporate earnings
could create a ‘mini economic boom’.
The paper quotes the Treasury report saying a flat tax would create ‘a
one-off virtuous circle from tax cuts to economic growth to tax revenue’.
A copy of the Treasury report was originally made available under the Freedom
of Information Act, but with key sections blacked out, according to the
The Tory party is reported claiming that the blacking out ‘verges on
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans