TaxPersonal TaxBudget 2000: English ICA claims reform opportunity lost

Budget 2000: English ICA claims reform opportunity lost

'The timely opportunity to take up the batton of tax reform and make systematic improvements to the tax system has been lost,' said Francesca Largerberg of the English ICA when commenting on today's Budget statement.

Largerberg claimed: ‘There was nothing in the Budget that recognised the need to make the tax system simpler, and more transparent for the benefit of business and the individual taxpayer.’

The institute is also concerned that the Informal Economy Report by Lord Grabiner QC, which will introduce a specific tax evasion clause, has been accepted without any prior consultation. Although we strongly condemn tax evasion, we are worried about sweeping revenue powers being introduced without full consultation taking place.

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