Three well known financial industry bonies have written to Sajid Javid - Chancellor, asking the government to take more of a long term approach to tax policies that reduces compliance burdens on business. It was also addressed that tax should be made digital, allowing easier and quicker access for both individuals and businesses.
With Brexit looming around the corner, it is thought that now is a good time to re-address these compliance costs of the customers regime.
The current format is very heavily regulated with lots of different hoops to go through. By reducing these compliance burdens, it would put the UK at a disctint competitive advantage, allowing a more effective and efficient process for all.
See full article below:
https://www.accountancydaily.co/chancellor-urged-take-strategic-approach-tax
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