Budget response: CIOT welcomes Budget consultations on small business and PAYE
The Government has today announced that they plan to launch consultations into two areas: small business tax and PAYE.
Tina Riches, CIOT Director, Technical, welcomed the announcement, saying:
“Small business tax has long been played on a very uneven pitch. A new groundsman could have a field day in making this a fair competition.
“There have also been a few own goals in the PAYE arena in the last few years. Improving the administration of areas such as benefits and reducing costs would score the new Government a few points with employers and employees alike.”
The CIOT is keen to work with the Government on these consultations in pursuit of our goal of a fairer and simpler tax system.
Notes to Editors
1. The Chartered Institute of Taxation (CIOT) is a charity and the leading professional body in the United Kingdom concerned solely with taxation. The CIOT’s primary purpose is to promote education and study of the administration and practice of taxation. One of the key aims is to achieve a better, more efficient, tax system for all affected by it – taxpayers, advisers and the authorities.
The CIOT’s comments and recommendations on tax issues are made solely in order to achieve its primary purpose: it is politically neutral in its work. The CIOT will seek to draw on its members’ experience in private practice, government, commerce and industry and academia to argue and explain how public policy objectives (to the extent that these are clearly stated or can be discerned) can most effectively be achieved.
The CIOT’s 15,000 members have the practising title of ‘Chartered Tax Adviser’.
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George Crozier
External Relations Manager
D: +44 (0)20 7340 0569
M: +44 (0)7740 477374
The Chartered Institute of Taxation
Registered charity number 1037771
www.tax.org.uk
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