More bad news from Westminster this week. A survey of MPs by the Chartered Institute of Taxation found 80% of those polled had read virtually none of the last Finance bill. When asked which was the most interesting part of the Act, replies varied from 'interesting is not a word I would use' to 'are you joking?'.
The survey also found 60% of the MPs found it difficult and time-consuming to complete their self-assessment return. As CIoT president Tim Ambrose said: ‘Frankly, it’s surprising to me that 40% of MPs apparently find it easy and quick to complete.’
Read the results as a damning indictment of MPs’ intelligence if you must. But more than that, they speak volumes about how convoluted our tax system now is.