The priority for the new Chancellor - simplification
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The priority for the new Chancellor should be to continue the simplification process started in the last Budget. The Chartered Institute of Taxation (CIOT) believes that the new Chancellor, Alistair Darling, can take immediate measures to achieve this. In an open letter to the Chancellor, the CIOT will outline several areas where simplification can be done quickly and others that should be looked at in the future.
Rob Ellerby, CIOT President, says: “Once the Chancellor has had time to settle into the role we will be sending a letter outlining the areas where we believe simplification will help make the system easier for the taxpayer and the tax administrators.”
The letter will review personal, corporate, capital and indirect taxes.
Rob Ellerby adds: “The CIOT congratulates Alistair Darling on becoming Chancellor. We look forward to continuing our strong relationship with HM Treasury and HM Revenue & Customs. In the last few years we have been involved with many significant consultations. We will continue to contribute by producing submissions and fostering debate about tax simplification.”
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