He made the suggestion at the Tory conference in Bournemouth this week. The accountant MP said the Chartered Institute of Taxation initiative – to ask MPs to fill in tax forms themselves – had opened many of their eyes to how complex the system had become.
He said: ‘I think I did a fairly good job. I do have some professional training, but it was a shock for some of my colleagues who have become out of touch with the tax system and how complicated it now is.
‘We do need simplify the tax system urgently. The problem is the complexity of individual’s and small firms.’
- Heathcoat-Amory yesterday set out his agenda for a slimmed down Department of Trade & Industry, the Financial Times reported today.He wants to abandon small company initiatives and regional venture capital funds.
‘I will deregualte before breakfast, before lunch and before tea,’ he told the FT. He pledged to stop the growth of the DTI before reducing it in size.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy