TaxCorporate TaxBrown promises to tackle audit regulations

Brown promises to tackle audit regulations

Chancellor Gordon Brown has promised to reduce red tape around 'inspection, audit and enforcement' when he delivers his pre-Budget report.

Link: SMEs at risk from more red tape, warns PCG

Speaking at the Confederation of British Industry conference, yesterday, Brown said the UK would work together with the Netherlands, Luxembourg and Ireland to put the reform at the ‘heart of our EU presidencies through to 2005’.

‘In the pre-Budget report we will do more to reduce regulations in Britain in the area of inspection, audit and enforcement regimes,’ said Brown.

The promise came with a similar vow to work with business to Britain’s tax regime ensure the UK is the ‘most competitive place for international business’.

‘On regulation, let us accept this is a problem raised in every industrial country – where there is a tension as you know between the flexibility you need and the standards the public request,’ said Brown.

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