Small Firms Against Further Changes To Tax Legislation

Tue, 26 Feb 2008

Government attempts to simplify the tax system can often lead to extra complications for small companies, an industry expert has claimed.

Andrew Hubbard, vice-president of the Chartered Institute of Taxation, explained that the chancellor's efforts to cut the amount of administration businesses face are often carried out in a "bit of a rush".

Hubbard said that over the last six months a number of changes to tax legislation for small firms had been carried out, meaning that any further amendments would only be seen as an added burden for the time being.

He commented: "We hope to see something along the lines of taking out some forms, or increasing registration limits, or whatever…we would welcome that."

"But we acknowledge the real difficulty in making practical changes there."

A recent report by The British Chambers of Commerce showed that increasing government regulation is one of the most pressing issues that an accountant currently faces, with red tape currently costing UK businesses £66 billion each year.
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