THE BRITISH CHAMBER OF COMMERCE has written to ministers requesting new measures are included in next week’s Autumn Statement to cut the cost of tax administration.
In an open letter to cabinet office minister Oliver Letwin and business secretary Sajid Javid, the business group said the cost of complying with tax obligations had become one of companies’ principal regulatory complaints.
“The of complying with the UK’s ever-more complicated tax code has rocketed up the list of business complaints in recent years,” British Chamber of Commerce executive director of policy Adam Marshall said. “Ministers need to put a brake on the number of changes to tax administration and compliance rules, much as they have done with other forms of regulation in recent years.
“HMRC is under a lot of scrutiny from business and individual taxpayers at the moment, and rightly so. By taking steps to reduce the number and frequency of changes to tax rules, the government would at a stroke make a big improvement to the prospects for business.”
Increase governance without stifling competitiveness; enforce already-in-place rules; were the key messages from the business community after the government released a green paper on governance
Tax experts argue the government could end up with “precisely the uneven playing field” that it wants to abolish, in reining in salary sacrifice schemes
A multi-billion pound infrastructure investment programme has been announced by chancellor Philip Hammond in his first Autumn Statement.
Prime minister May outlines tax incentives to boost high-tech business, and further corporation tax rate cuts, to the CBI