ICAEW recommends the publication of a tax simplification roadmap and investment in HMRC to improve performance and digital services.

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Ahead of a parliamentary election in 2024, ICAEW has called on the next government to: 

  • publish an overarching tax strategy including a tax simplification roadmap. Complexity and cliff edges in the tax system inhibit activity that would otherwise generate tax receipts. This can be addressed though meaningful tax simplification, which requires a clear plan, focused resources, accountability and investment;
  • ensure that tax policy changes can be implemented digitally and invest in HMRC to develop better digital services. This will reduce administrative burdens and save time for HMRC and taxpayers. However, ICAEW believes that the design of making tax digital (MTD) requires improvement and strongly opposes quarterly reporting for MTD for self assessment; and
  • address HMRC service standards and encourage HMRC to be more efficient and effective. ICAEW receives evidence of unacceptable HMRC service from members almost daily. Investing in HMRC to address poor performance will remove a barrier to growth and productivity.  

The recommendations are made in ICAEW’s manifesto, which sets out ICAEW’s vision for a renewed and resilient UK.  

ICAEW’s Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

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