Government Announcements

A leading business group has argued that the UK’s tax system must be made more competitive in order to keep and attract firms.

There has been speculation that the government may reinstate tax breaks for more married couples as a way of offsetting plans to scrap child benefit payments for higher earners.

Business groups have emphasised that cuts in government spending are not enough by themselves to encourage economic recovery.

Government plans to introduce far-reaching changes to the PAYE system are worth exploring, the Chartered Institute of Taxation (CIOT) has said, but will involve substantial amounts of time, money and attention to detail if they are to work.

As part of its cost saving programme, HM Revenue and Customs (HMRC) has announced that it is to stop issuing plastic national insurance cards.

Syndicate content