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.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs