HALT THE TAX TINKERING SAYS ICAS

Ahead of the May election, the world’s oldest professional body of accountants, ICAS, has challenged all political parties to stop the relentless tinkering and short term approach to changes in the UK’s tax system.

As part of its manifesto, Counting on Change, it calls for the future government to take a long term view on taxation, instead of complex annual changes, to provide simplicity for individual taxpayers and businesses.

It wants to bring back the Office of Tax Simplification and for policy-making roadmaps setting out the longer term vision for tax in the UK.

The manifesto document will be launched on 25 March.

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