The Chartered Institute of Taxation, Institute for Fiscal Studies and Institute for Government have published their joint report, Better budgets: making tax policy better, outlining ten steps for improving the processes around tax policy making (see http:/
The Chartered Institute of Taxation, Institute for Fiscal Studies and Institute for Government have published their joint report, Better budgets: making tax policy better, outlining ten steps for improving the processes around tax policy making (see http://bit.ly/2jWznOY). The hoped-for result would be fewer, better designed tax measures. The report highlights the chancellor’s announcement in the 2016 Autumn Statement of the move back to a single principal fiscal event per year as an important enabler of the other changes. The ten steps are:
Commenting on the report, IfG programme director Jill Rutter said: ‘Too much about the way we make tax policy is taken for granted or thought to be the sole province of the chancellor and the Treasury to decide.’ It is particularly important ‘to ensure there is more challenge from within’.
IFS director Paul Johnson said: ‘Tax policy is too important to leave to the chancellor alone. We need a more open policy making process as a route to a better tax system. The lack of any explicit tax strategy allows policy to be made on the hoof and makes it harder to engage the public in a much needed rational debate about tax.’
CIOT president Bill Dodwell said: ‘Moving to a single annual fiscal event provides a real opportunity to get off the treadmill of constant change, reducing the strain on the government’s tax policy resources and freeing up time for better consultation and scrutiny of those proposals that are put forward.’
The Chartered Institute of Taxation, Institute for Fiscal Studies and Institute for Government have published their joint report, Better budgets: making tax policy better, outlining ten steps for improving the processes around tax policy making (see http:/
The Chartered Institute of Taxation, Institute for Fiscal Studies and Institute for Government have published their joint report, Better budgets: making tax policy better, outlining ten steps for improving the processes around tax policy making (see http://bit.ly/2jWznOY). The hoped-for result would be fewer, better designed tax measures. The report highlights the chancellor’s announcement in the 2016 Autumn Statement of the move back to a single principal fiscal event per year as an important enabler of the other changes. The ten steps are:
Commenting on the report, IfG programme director Jill Rutter said: ‘Too much about the way we make tax policy is taken for granted or thought to be the sole province of the chancellor and the Treasury to decide.’ It is particularly important ‘to ensure there is more challenge from within’.
IFS director Paul Johnson said: ‘Tax policy is too important to leave to the chancellor alone. We need a more open policy making process as a route to a better tax system. The lack of any explicit tax strategy allows policy to be made on the hoof and makes it harder to engage the public in a much needed rational debate about tax.’
CIOT president Bill Dodwell said: ‘Moving to a single annual fiscal event provides a real opportunity to get off the treadmill of constant change, reducing the strain on the government’s tax policy resources and freeing up time for better consultation and scrutiny of those proposals that are put forward.’