The incoming president of the CIoT has branded the UK tax rules as deeply
flawed in terms of development and implementation.
Vincent Oratore said tax law reform would be top of his agenda after being
sworn in as the taxation institute’s new president yesterday.
“The way tax law is developed and implemented in the UK is deeply flawed,”
“There is not enough expert scrutiny and there is a shortage of parliamentary
time for considering the effect that changes to the tax system will have before
they are made law.”
Oratore flagged up this year’s pre-election Finance Bill, which was rushed
through with just three hours of debate in the House of Commons, as a ”
particularly glaring example.”
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
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
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states