Gordon Brown has been told by a Lord’s committee that his last finance bill
as chancellor has failed to do enough to simplify the tax system.
The House of Lords economic affairs committee said that simplification was
crucial if business was to cut costs and the UK was to maintain its position as
an attractive destination for international investment,
the FT reports
‘The government must go further and move faster in simplifying the corporate
tax regime’ said committee chairman Lord Wakeham. ‘While there are some positive
steps in the 2007 finance bill we are concerned that Britain is still losing
The committee said mandatory online filing of tax returns should be scrapped
and recommended further education on using the internet for filing returns.
Does Darwin's theory apply to taxation? Colin ponders...
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
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