The principle of a tax system with integrity must be maintained, according to
In response to the Treasury’s consultation document on a tax framework for
business, the Scottish institute said that the tenets of stability and
simplicity must be heeded across the whole of the tax system, and not just a
ICAS supports the thrust of the draft framework in committing the government
to consulting ahead of proposed tax changes, publishing draft legislation for
more complex changes in sufficient time to allow input from interested parties,
assessing the proposed changes against the key principles and publishing updated
notes explaining the new provisions at each stage in the parliamentary process.
Derek Allen, director of tax at ICAS, said it was “crucial” that governments
followed these principles across the whole system.
“This becomes particularly important as we approach a general election at a
time of grave economic uncertainty, since instability and uncertainty in
exposure to taxes will alter the behaviour of businesses and individuals in
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group