A MERGER of income tax and NI should be the focus for the Treasury, rather than continually make piecemeal changes to the tax system, a review by the Office of Tax simplification is expected to recommend.
The second part of the Office of Tax Simplification’s review of the tax system, due out on Thursday, is expected to recommend focus on the income tax/NI merger, rather than wholesale changes to controversial freelance tax rule IR35.
A merger of the two taxes could deal with many of the issues surrounding individuals’ employment status, reports the Telegraph.
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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
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