Tory Lords' tax move.
They aim to make the tax system more transparent and easier to understand through scrutiny by the upper house.
Lord Saatchi, Conservative Treasury spokesman, yesterday introduced a private members bill into the Lords that seeks to amend the 1911 Parliamentary Act, which excludes peers from taking any role in the scrutiny of money bills. The Tories argue peers should be involved because the current system has become increasingly complex. They say the number of basic tax rates has increased from 15 to 38 under the present government.
For more stories on the simplification campaign and other tax issues visit www.accountancyage.com/Practice/1115555.