Wednesday, May 16, 2012

Fantasy tax simplification

The biggest laugh at last night's CTA Address came in response to a question from the floor.

The question was related to a point the speaker, Andrew Tyrie*, had made about the need for the tax system to be made simpler. He had also stressed, as others have done for many years, that this will only really happen when Ministers are really motivated to change the system.

What if, all Ministers and members of the Treasury Select Committee were obliged to complete their own self assessment tax returns using only HMRC's online facilities.........and limited solely to the support available from HMRC's telephone helpline?

Cue - knowing laughter from the 200+ Chartered Tax Advisers and Accountants in the audience.

*Andrew Tyrie MP, Chairman of the House of Commons Treasury Select Committee

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