Cries from the profession for a simpler tax system appear to have met with
some sympathy as figures compiled by the ICAEW revealed that this year’s Finance
Act is noticeably shorter than previous years.
According to the ICAEW, the 2007 act is only 309 pages long as compared to
506 pages in 2006, a 39% reduction.
‘We welcome the decline in the number of pages in the Finance Act and hope
that this is the start of a trend to simplify the tax system,’ Ian Young, ICAEW
technical manager said in the FT.
The reduction in page numbers follows complaints from business in particular
that the UK tax system was becoming to complex and onerous to negotiate.
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
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