The ICAEW has gone on the attack over proposed changes to child benefit, calling it a “policy disaster” which is in danger of becoming an “operational and reputational disaster” when it becomes law.
It told the Treasury in a confidential briefing document, as revealed by The Telegraph, that the plan to deny the benefit to families with a high earner “is seriously flawed in principle and in practice”.
Chief executive Michael Izza said in his blog that their concern came out of the ICAEW’s “public interest role”, which is to help ensure the tax system works fairly and effectively.
With a growing number of concerns and pressures from its members, the institute had to “set down a marker” in response to this “complete administrative nightmare”, according to Frank Haskew, head of the Tax Faculty at the ICAEW.
Haskew told AccountingWEB:
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