RegulationAccounting StandardsIzza talks tax with Labour

Izza talks tax with Labour

ICAEW chief executive Michael Izza works with government to find ways to ease tax burden of low paid

ICAEW leaders have met Labour policymakers over a private dinner at the
party’s conference to discuss the taxation of the low paid.

At an event entitled ‘Building fairness into the tax system’, chief executive
Michael Izza urged the Treasury to accept technical accountancy expertise from
the institute to help devise solutions to the high marginal tax rates suffered
by the low paid.

Treasury secretary Yvette Cooper was also at the meeting, alongside institute
technical committee chairman Francesca Lagerberg and commons Treasury committee
chairman John McFall.

The high marginal deductions are associated with the withdrawal of tax
credits at the same time as national insurance contributions are required and
individuals start paying income tax at the basic rate.

At other meetings Izza urged delegates to involve accountants in ensuring
developing countries have trustworthy financial institutions able to attract
investment and effectively handle aid. He also underlined moves to open
accountancy recruitment to those who left education with inadequate
qualifications.

Related Articles

Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
Record fine for Deloitte and audit partner over Aero misconduct

Accounting Standards Record fine for Deloitte and audit partner over Aero misconduct

1y Stephanie Wix, Writer
'Clear' tax avoidance guidance for advisers issued by institutes

Accounting Standards 'Clear' tax avoidance guidance for advisers issued by institutes

1y Stephanie Wix, Writer
Eight landmarks in the history of accountancy

Accounting Standards Eight landmarks in the history of accountancy

1y Acccountancy Age
Taking Stock: PwC outdoes ICAEW in the nibble stakes (steaks)

Accounting Standards Taking Stock: PwC outdoes ICAEW in the nibble stakes (steaks)

2y Taking Stock
ICAEW president: We must adapt to add to our heritage

Accounting Standards ICAEW president: We must adapt to add to our heritage

2y Richard Crump, Writer
ICAEW targets state of audit in consultation paper

Accounting Standards ICAEW targets state of audit in consultation paper

2y Fraser Simpson, Reporter