CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UK Tax System Criticised By Scottish MP

UK Tax System Criticised By Scottish MP

by Jason Gorringe, Tax-News.com, London

06 December 2007


Scottish MP John Barrett has spoken out this week to criticise the complexity of the UK tax system.

Mr. Barrett, a Liberal Democrat MP for Edinburgh West, was speaking in light of a recent report which indicated that GBP1.5 billion in tax is paid late every year.

Earlier this week, Edward Leigh MP, Chairman of the UK's Committee of Public Accounts, issued a statement with regard to this barrage of late payments.

Mr. Leigh argued that:

“Far too many businesses are failing to file their Company Tax and VAT returns on time and to pay what they owe by the due date. The amount of tax revenue in doubt as a result was estimated a year ago at GBP1.5 billion per annum. HMRC must be much better informed about the types of business which tend to be late in filing and slow in paying up.”

Mr Barrett argued this week that: "This is a damning indictment of the sheer complexity of the current tax system."

“Gordon Brown’s obsessive tinkering with Britain’s taxes during his tenure as Chancellor has created a system no normal person can understand," he said.

He concluded by suggesting that:

“It is hardly surprisingly that many companies are failing to complete their tax returns on time, particularly when there has been widespread criticism of HMRC itself for the long backlogs it has in registering businesses for VAT."

“The Government can try as hard as it likes to encourage companies to file their tax returns on time, but the only way it will make a real difference is by making our tax system radically simpler and fairer."


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »