TaxPersonal TaxTimetable in place for tax committee

Timetable in place for tax committee

A timetable has been set by the Chartered Institute of Taxation to consult on its proposal for a tax practice committee that would oversee the implementation of 'simpler' tax policy.

The institute’s president, and PricewaterhousCoopers partner, John Whiting has revealed he is currently writing to consumer, professional and governmental bodies asking for comments.

He hopes to publish a formal consultation paper in September and a symposium to discuss the project is planned for December or January.

This should be followed closely by a more detailed proposal for the committee.

He has not ruled out the possibility of running an unofficial shadow tax committee that would offer opinion on tax policy in a bid to demonstrate its effectiveness.

Future membership of the committee is yet to be settled but Whiting hopes that they would come from the bodies affected by tax policy.

The first idea voiced by Whiting was for a tax ‘policy’ committee that was characterised as mirroring the work of the monetary policy committee.

But, Whiting has since changed tack renaming the proposed body a ‘practice’ committee concerned with the procedural and implementation aspects of tax policy and not the policy itself.

Whiting’s idea has already been criticised for potentially clashing with the authority of the Treasury and it is understood that some senior civil servants have already discussed the proposal.

Links

Support grows for corporate tax reforms

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m 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

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

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

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter