UK now has longest tax code in the world
In the House of Commons last night shadow paymaster general Mark Francois revealed that the UK now has the longest national tax code in the world. Rob Lewis reports.
The chancellor's 2007 Finance Bill, which has now achieved its second reading in Westminster, takes the code up to just short of 10,000 pages.
"This represents a significant burden with which business are struggling to comply," Francois said. The last time any research was done on this subject was by the World Bank and PricewaterhouseCoopers in November, when the UK was second place to India for tax complexity.