UK chancellor urged to improve tax consultation and support investment

Tax professionals and business groups have called on the UK government to improve the tax policy consultation process and take steps to support business investment, as Chancellor of the Exchequer Philip Hammond prepares to deliver the autumn budget on November 22.

The Chartered Institute of Taxation said its message on consultations was simple — that the government should “consult fully before making changes to the tax system, observing closely” the tax consultation framework published in March 2011.

“Too many consultations begin when key decisions have already been made, shutting off potential better options to achieve the same goal,” the CIOT said. Read more:

My news story for Tax Analysts, October 10 (paywall)