CIOT welcomes in new Chancellor with a call for tax simplication

Kashflow logo
Share this content

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:

Dear Chancellor

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...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

About AccountingWEB


Please login or register to join the discussion.

By Anonymous
11th Jul 2007 16:14

Stop grovelling and get up off your knees lads!

This is the start of the second paragraph of this letter:

"Many of the problems of our tax system emanate from its sheer complexity. Your predecessor initiated a simplification process in the 2007 Budget."

Would it not be more complete if it read something like this:

"Many of the problems of our tax system emanate from its sheer complexity. Your predecessor was ultimately responsible for a near doubling in the volume and complexity of tax legislatiion, including the introduction of complex new areas of tax law that were in force as originally enacted for only a short period of time before being substantially amended and shortly after amendment being repealed in their entirety. Perhaps the shame of his inept meddling in the tax system coupled with his imminent departure from the Chancellorship prompted him, at the last gasp, to initiate a simplification process in the 2007 Budget....."

Thanks (0)