MPs set up new tax law rewrite group.

MPs set up new tax law rewrite group.

The tax law rewrite project at the Inland Revenue is to get its own

The decision was announced on Monday in a motion from paymaster general Dawn Primarolo, who said the new Joint Committee on Tax Simplification Bills would give ‘proper parliamentary scrutiny’ to bills from the project.

So far the project has spent years producing one bill, on capital allowances, in its efforts to rewrite tax law more clearly.

The new committee, which in a surprising move will include Primarolo, will be made up of six members from the House of Lords and seven from the Commons.

It is not yet clear if Lord Geoffrey Howe of Aberavon, a champion of simplifying the whole tax system, will be on the committee.

Controversy is already beginning to grow around the committee. During the Commons debate Tory MP John Bercow expressed his ‘distaste’ that a select committee should include a minister.

Lord Howe writes exclusively for AccountancyAge.com on tax reform at www.accountancyage.com/tax/1113962.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article