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\n <\/span>\n<\/p>\n On 5 April 2023, ICAEW together with the Chartered Institute of Taxation, Institute of Chartered Accountants of Scotland, Association of Taxation Technicians and Low Incomes Tax Reform Group, wrote to the Financial Secretary to the Treasury (FST). The letter outlined nine processes that the professional bodies consider are needed to enable the Treasury and HMRC to focus on simplicity in tax policy and administration.<\/p>\n The professional bodies met the FST to discuss simplification on 10 May 2023 and have held two subsequent meetings with officials from HMRC and HM Treasury.<\/p>\n The professional bodies recognise that complexity \u2013 in both the UK tax administration system and tax legislation \u2013 is a key issue for their members, especially when combined with the challenges they face in getting help from and engaging with HMRC customer services and systems. Although the simplification package announced at the Spring Budget 2023 was a step in the right direction, members of professional bodies would welcome simplification that has a much broader impact across the taxpayer population. This would help reduce compliance burdens and increase much desired certainty.<\/p>\n The professional bodies sent a further joint letter\u00a0to the FST on 15 September. That letter set out next steps, including:<\/p>\n The letter also expressed concern that without a clear plan, focused resource, accountability, and investment, it is going to be very difficult to deliver meaningful simplification and build trust that simplification is genuinely being embedded in the policy making process and given adequate weighting.<\/p>\n The nine processes that the professional bodies consider are needed:<\/strong><\/p>\n <\/div>\n 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.<\/p>\n <\/p>\n \n<\/div>\n
\n Meaningful tax simplification requires a clear plan, focused resource, accountability, and investment, say the professional bodies.<\/p>\n\n
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