CIOT: Budget response: Osborne emulates Odysseus
In its response to the Budget statement, the CIOT is pleased to note the care with which tax changes have been introduced.
The CIOT’s Tax Policy Director John Whiting said:
“Just as Odysseus had to steer a careful course on his 10-year journey home from Troy, so Chancellor George Osborne has shown he is setting out on a long journey in his aim to balance the country’s books.
“In doing so he has mostly steeled himself to ignore the Sirens’ song of immediate changes, steered around the rocks of Scylla-like complex new reliefs and avoided being sucked into the whirlpool of Charybdis’s complexity. This careful navigation will resonate well with businesses, individual taxpayers and their advisers.”
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
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The Chartered Institute of Taxation
Registered charity number 1037771
www.tax.org.uk
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