The English ICA’s tax faculty highlight the difficulties caused by the sheer volume of tax law changes in an excellent comment piece ,’A tax system close to collapse?’, in this week’s newswire. They say there is no sign of the government slowing down and giving the business community time to digest the many changes already planned before introducing more.
Last year, the faculty launched a campaign to lobby for a major simplification of the UK’s tax system.
This week, the government has been busy as ever in its development of new tax rules. News of steps forward on the tax regime for stakeholder pensions and new Gift Aid rules are included in this week’s newswire, together with reports from Europe of renewed efforts to crack down on what the European Commission controversially describes as ‘harmful tax competition’.
You can enter the Barcelona competition by visiting the AccountancyAge.com home page.
Please tell any colleagues you think may be interested in entering.