Whiting, a tax partner at PricewaterhouseCoopers and CIOT president since Monday, sees the measures as a critical step to simplifying the tax system, which is ‘spiralling out of control’ and becoming ever more complex.
‘What we will be saying is, isn’t it time we had a group of people that could validate the changes to the system.
‘That could confirm that consultations happen properly, to keep oversight on changes, whether change is going to be a good thing and whether proper cost-benefit analyses have been done,’ said Whiting.
The new president, who takes over from Richard Mannion, confesses that there is no developed blueprint for the committee, but proposes the idea as ‘a way forward’ to be worked on throughout his year in office. He also readily admits that such a committee is unlikely to get the independence from politicians that the MPC currently enjoys.
Others have proposed a tax policy committee before, but this is the first time a senior member of one of the professional bodies has declared it as the keynote theme for his term in charge.
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