The tax system should be redesigned to prevent tax avoidance, the Institute
of Directors has said.
Hitting out at government attempts to moralise the tax avoidance debate, the
IoD said the key was the system.
‘The key is to re-design the tax system so that it does not draw artificial
boundaries between things that are close commercial substitutes. Any such
boundaries create pressures when there is less tax to pay on one side of the
boundary than on the other. Tax avoidance schemes are created to exploit the
boundaries,’ the IoD said in a
paper on the subject
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...