The Chartered Institute of Taxation (CIOT) have written an open letter to the new Chancellor of the Exchequer outlining their views on how the UK tax system can be simplified. As this is a matter that is close to Accountingweb members hearts (and frequently the cause of the expression of strong feelings), we add our whole hearted support to the CIOTs cause and reproduce their letter in full:
Welcome from the Chartered Institute of Taxation
The Chartered Institute of Taxation (CIOT) would like to extend a warm welcome to you in your new role as Chancellor of the Exchequer. As President of the CIOT and Chairman of the CIOT Technical Committee respectively, we are writing to set out some thoughts on a matter of overriding importance, namely the extreme complexity of...