Service Companies question in 2011 Personal Tax Assessment

[Fred Bloggs]

Ah but in whose interests would it be to simplify the tax system??

I would hope, everybodys. However, given the track record of UK governments over the last 40 years, I wouldn't trust them to simplify a wheel barrow.

[LisaContractorUmbrella]

I would hope, everybodys. However, given the track record of UK governments over the last 40 years, I wouldn't trust them to simplify a wheel barrow.

Yep think you're right there Fred. The trouble is that simplifying the tax system to the extent of introducing flat rate would put too many people out of work in both the public and private sectors; you would lose half of HMR&C [please insert opinion at will] but a lot of accountants would suffer as well, as would tax advisors, debt managers etc etc. Absolutely fantastic idea in theory but unlikely - the office of tax simplification's first publication was over 150 pages long so I can't see them going for 12% flat rate tax with no PA (besides that wouldn't be 'fair' )