tax and spending

Tax Day: Welcome review for tax processes, but what about the policy?

The Chartered Institute of Taxation (CIOT) has welcomed the publication of a number of consultations and calls for evidence on the administration of the tax system, but called on the Government to consult further on its plans for future tax policy, including fiscal consolidation, too. Commenting on the innovation of ‘Tax Day’, John Cullinane, CIOT… Read more »

Modernisation of the tax system must not leave anyone behind

The Low Incomes Tax Reform Group (LITRG) welcomes HMRC taking steps towards modernising the tax system with today’s publication of two calls for evidence.1 HMRC’s plans aim to capitalise on the opportunities presented by digital advances. This may be advantageous in many ways but LITRG urges caution to ensure that no-one is left behind.  In July 2020, HMRC set out their ten-year plan for building a trusted, modern tax administration system.2 This strategy… Read more »