According to the economic forecaster, Gordon Brown’s revenue and spending problems are only short term making tax increases in a slowing economy ‘inappropriate’.
But ITEM also warned the uncertain economic outlook meant the chancellor would be unlikely to announce any significant increases in public spending in his pre-budget report, expected later this month.
At the same time, E&Y launched a plea for tax simplification, calling on the chancellor to deliver the commitments he had already made.
Douglas Fairbairn, E&Y’s head of tax said: ‘If he has any more complicated tax reliefs or credit ideas up his sleeve he should keep them there.’
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay