TaxPersonal TaxCIoT Budget lobbying kicks off early

CIoT Budget lobbying kicks off early

Pressure on the Treasury for next year's Budget has already begun with tax experts urging Gordon Brown to think of 'simplification' when he's drafting policy statements for next Spring and the pre-Budget report.

The Chartered Institute of Taxation says the UK tax code has reached the point’where there is a danger of serious malfunctions in the operation of the tax system’.

Tax authorities and taxpayers are finding it increasingly difficulty to meet their obligations as a result, according to the CIoT.

Vincent Oratore, chairman of the CIOT’s Technical Committee, said: ‘We are aware of the work on simplification which is already being done in this area but feel that it is not going far enough.’

The institute recommends next year’s Budget concentrates on ‘reviewing, simplifying and consolidating existing tax legislation’.

It also wants the chancellor to commit himself to ensuring new policies and legislation are drafted with simplification in mind.

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