David Nickson and Michelle Gilbert of Ernst & Young ask whether the UK should follow the example of the US and take more of an interest in the legislative process
UK tax professionals have to manage ever-increasing levels of legislation regulation and practice and the burden shows no sign of abating. The size of the annual Finance Act increases from year to year and by the time we factor in case law Statements of Practice Statutory Instruments and other Inland Revenue 'clarification' (not to mention consultations and draft legislation) it seems completely overwhelming.
If new measures were clear and achieved the goals for which they were drafted this would not be such a problem. However this is often not the case. With each...
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David Nickson and Michelle Gilbert of Ernst & Young ask whether the UK should follow the example of the US and take more of an interest in the legislative process
UK tax professionals have to manage ever-increasing levels of legislation regulation and practice and the burden shows no sign of abating. The size of the annual Finance Act increases from year to year and by the time we factor in case law Statements of Practice Statutory Instruments and other Inland Revenue 'clarification' (not to mention consultations and draft legislation) it seems completely overwhelming.
If new measures were clear and achieved the goals for which they were drafted this would not be such a problem. However this is often not the case. With each...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
