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.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter