Public invited to have their say on tax reform
Government asks the public and advisors what they think of personal tax regime
Government asks the public and advisors what they think of personal tax regime
THE PUBLIC will be asked their views on how they pay tax, as the government launches a review towards modernising the personal tax system.
The paper, Modernising the Administration of the Personal Tax System, will consider how technology could help people access their tax information online and pay more easily, which areas of the system create the most difficulty and how well the public understands what it pays.
Tax advisors and other stakeholders, will also be asked to contribute.
Exchequer secretary to the Treasury David Gauke (pictured) said: “At the moment, for a lot of people, the tax line on their pay slip is the only time they see just how much they’re paying in tax, but the Government doesn’t think that’s good enough.
“We want to make tax more transparent and we want people to be more engaged with their own tax affairs.”
More to follow
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe report states the current system “manages the uniquely bad twin feat of being both wildly unpopular and raising very little revenue" and proposes ...
View articleThe independent office looks to hear from taxpayers on how it can further simplify the UK's contrived tax system Read More...
View articleUK tax code is 12 times longer than King James Bible, and its intricacy encourages tax avoidance, a new report has found Read More...
View articleIncome tax receipts from highest earners up £8bn between 2013 and 2014, the first year in which the rate was slashed from 50p to 45p, HMRC stats revea...
View articleFormer chief executive of lobby group the British Bankers' Association Angela Knight fields MPs' questions over her suitability to head the Office of ...
View articleTaxpayers will be able to have a 'web chat' with HMRC from later in the month, as a more real-time tax system is set to be launched Read More...
View articleJohn Whiting looks at what the Autumn Statement had to say on tax simplification Read More...
View articleOffice of Tax Simplification seeks ten secondees to help its reports on income tax/NI and small business taxation Read More...
View article