The process of government consultation with expert bodies on tax reform appears to have lost direction and purpose, according to ACCA head of tax, Chas Roy-Chowdhury, writing in today's Accountancy Age.
‘The formulators of new policy suffer from a failure to pick out the important issues and to consult properly on them. Look at the history of income tax, capital gains tax, IR35 and DTR,’ says Roy-Chowdhury.
In a critical article, Roy-Chowdhury argues the current government appears more interested in quantity rather than quality.
‘It cannot make sense to go on churning out new legislation as if the government’s performance is measured by the number of trees it helped to fell,’ he says.
Roy-Chowdhury suggests it is time to take the politics out of tax and puts forward an idea for a tax policy committee, which could monitor and propose tax legislation where necessary.
To read the full text of Chas Roy-Chowhury’s article, click here.
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article