The government is promising “to put [tax] simplification at the heart of policymaking”. However, “there is a tension between the wish to make tax fairer and the wish to make tax simpler”.
The example given is the reintroduction of tapering rates of corporation tax for businesses with lower profits.
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Capital Allowances, by Ray Chidell and Jake Iles, offers in-depth coverage of plant and machinery allowances, structures and buildings allowances, and all other UK capital allowances.
Full reference is made throughout to legislation, case law and HMRC guidance.