The study warned that the complexity of the rules was causing a two-tier
system, because only the largest companies were able to afford the advice to
negotiate the minefield of rules and regulations.
According to the study, Britain has the 42nd lowest business tax burden, with
taxes equal to 35.4% of annual profits, but compliance has become a significant
Despite being ranked 12th out of 175 countries in which it was easiest to pay
the business tax itself, UK companies must trawl through 8,300 pages of primary
tax law before they meet requirements.
In terms of length, the UK corporate rulebook dwarfed its equivalents in the
US (5,000 pages), Germany (1,700 pages) and France (1,300 pages).
Peter Cussons, a tax partner at PwC told
the Times: ‘I do not
think it can carry on, because non-compliance will increase through sheer
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...