Caroline, a Partner who also heads up Blick Rothenberg’s Private Client team; said: “The OTS have recently published two policy papers – one on using third party data (i.e., HM Revenue & Customs (HMRC) taking information directly from banks and other financial institutions) and one on the call for evidence for HM Treasury’s review of the effectiveness of the OTS itself.
“We need a wholesale review of how we levy tax in the UK. The pandemic has catapulted technology and systems forwards by at least five years. However, tax is still being collected (for individuals) up to nine months after the end of the tax year in which cash is received. Making Tax Digital (MTD) was meant to address this, but it is still a work in progress many years after it was first announced. Everything is digital, from ordering a takeaway, downloading in-house entertainment, online dating, to streaming music on the move. However, when it comes to tax administration, too much is still done on paper and with the security risk of the loss of personal data.
“The OTS does excellent work to try to resolve legislative anomalies and trying to bring unification to the tax system. However, they are just applying a sticking plaster to elements of an outdated tax system to keep it going rather than undertaking a root and branch review.
“Any review of the OTS should recommend them stepping back from the detail and instead reviewing the whole tax system and how HMRC go about collecting tax efficiently and making it easier for their customers.”
On her new role as Blick Rothenberg’s Head of Tax, Caroline said: “I’m very excited to be taking on this new challenge at Blick Rothenberg. The Head of Tax offers a unique challenge, giving me the opportunity to continue to make a positive change for our people, gain greater insight into the needs of our clients, and to take a clear, consistent message to the marketplace on behalf of the whole of tax. While continuing my role as Head of Private Client, I’m looking forward to taking our wider tax business to the next level.”
Nimesh Shah, CEO of the firm said: “I am delighted to announce Caroline’s appointment as our Head of Tax. Caroline comes with a wealth of experience and she offers a new dimension to Blick Rothenberg’s tax practice. The whole subject around tax, and how to support our clients navigate through the complexities, is very different to when Caroline and I started our careers. Caroline’s vision and how she believes we should advise our clients over the long-term aligns with Blick Rothenberg’s values to support and develop our people to be tax advisors of the future.”
Would you like to know more?
If you would like to discuss the above or how it may affect you, please get in touch with your usual Blick Rothenberg contact or Caroline Le Jeune, using the details on this page.
For any press queries, please contact David Barzilay whose details are on this page.