UK'S 17,000 PAGE TAX CODE SHOULD BE BURNED, ICAEW HEAD TELLS PAC CONFERENCE

摘要

Senior tax experts and MPs lambasted the UK's tax code, which is now 17,000 pages long, compared to the 11,500 pages it was in 2007. The ICAEW's chief executive, Michael Izza, raised the issue during a panel discussion at the Public Accounts Committee's (PAC) tax conference last month. 'We've got to 17,000 pages of tax code - surely the only possible solution is to set it on fire.' This means that the tax code has increased by a third in only seven years, creating complexity and constantly changing tax reliefs, which hampers business growth. Izza led the call for an overhaul of the system, which he criticised for being among the 'most complex in the world'.