Budget predictions: Tax simplification, anti-avoidance and making tax digital
Our experts have their say ahead of the first ever Autumn Budget.
Anti-avoidance and evasion
- The Chancellor should aim for simplification - this will give taxpayers certainty and restore some trust in the tax system, whilst making the UK more attractive to international movers. (Robert Pullen, director).
Making tax digital
- 2017 has seen the introduction of an eye watering number of measures to fight tax evasion and avoidance. There is now a formidable array of measures in HMRC’s arsenal and it is hoped the Chancellor should not introduce any further initiatives. Businesses need time to come to terms with these new and sometimes onerous measures and the Government should recognise the importance of standing back and properly assessing the effectiveness of these provisions before introducing further legislation. (Gary Gardner, partner).
- The Chancellor will delay the effective date of Making Tax Digital to April 2021 for all taxes to provide for greater time for HMRC and taxpayers to prepare. (Nimesh Shah, partner).
For more information please contact Robert Pullen, Gary Gardner or Nimesh Shah.