TaxPersonal TaxCIoT president calls for tax committee

CIoT president calls for tax committee

John Whiting, the newly appointed president of the Chartered Institute of Taxation, will campaign for the creation of a tax policy committee to mirror the work of the Monetary Policy Committee.

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.

Links

CIoT online

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor