CIOT calls for tax burden reduction
The Chartered Institute of Taxation has today called for a reduction in the tax burdens on employers in a paper on employer/employee tax issues.
The paper is the latest in a series of ‘Quick Wins’ on tax simplification that the CIOT has submitted.
John Whiting, the CIOT’s immediate past president and a PricewaterhouseCoopers partner, said: ‘Simplification of our current PAYE and NIC system would radically help companies with the rapidly rising administrative costs of payrolls. If Government wants to help business grow, trimming this area of red tape would be a great place to start.’
Among the 10 short term ideas in the paper for tax simplification are a number long term ideas for simplification. One idea is that PAYE and NIC should be integrated; the CIOT believes that if there is the political will to do it, it can be done.
The Employer/Employee Quick Wins paper is the fourth in a series of papers that have so far covered personal tax, corporate tax and indirect tax.