This plea follows a survey by the Institute of Directors which found that 78% of its members believed the amount of time and money spent on tax-related paperwork had increased, according to the FT.
MPs said the Inland Revenue and Customs & Excise had ‘failed so far to establish the actual overall administrative costs of tax compliance incurred by business’.
The tax departments are also being urged to undertake a more accurate calculation of compliance costs, ‘in the absence of any reliable method of measurement’.
Michael Fallon, chairman of the Treasury sub-committee that undertook the inquiry, said: ‘A deliberate and determined effort should be made to harmonise pay as earn and national insurance contributions and to reduce the complexities of statutory sick pay.’
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states