This sounds like common sense. Every Budget’s continual tinkering with every aspect of our tax system as part of supposed ‘long-term plans’ to boost growth/cut the deficit/control inflation/delete as applicable adds yet another layer of complexity to our already labyrinthine tax system, keeps accountants and financial advisers in employment and ensures that HMRC will be even less likely to answer the ‘phone within a week. The ‘Come the Revolution’ idea of sweeping it all away and getting back to something simple (King John’s knights collecting corn from the peasants?) is never simple as so many exceptions have to be made for so many special cases. So, yes, yet another committee and review body is pretty much always a waste of resources. But will things ever change? I think we all know the answer to that one.
“Inheritance tax on course for record year of receipts (again) amid calls to scrap it”
Will he/won’t he abolish Inheritance Tax? The Pre-Budget rumour is still out there, perhaps ‘running it up the flagpole to see if it catches the wind’, or perhaps to distract from other rabbits which may be pulled from Jeremy H’s figurative hat.
