It would be a shame if HM Treasury’s more relaxed view, post-Brexit, on the timing of the elimination of the UK’s annual fiscal deficit was not used to facilitate some overdue tax reforms and simplifications. My suggestions for the Chancellor include the following tax changes. We hope (and, indeed, trust!) that he might announce some of them, if not all of them, in his Autumn Statement or his first Budget next Spring.
Focusing firstly upon the taxation of businesses:-
Turning secondly to the taxation of individuals:-
Stephen Herring, Head of Taxation, Institute of Directors
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