The British Chambers of Commerce (BCC) recently called for HMRC to ‘cut the complexity’ associated with tax administration and compliance.
A survey carried out by the business group in conjunction with software company Avalara suggested that 75% of firms believe that the overall burden of tax administration and compliance has increased compared to five years ago.
A further 64% of firms reported that VAT generates ‘the biggest administration and compliance burden’, whilst many business owners feel ‘under pressure’ to be prepared for the April 2019 introduction of Making Tax Digital (MTD).
The BCC stated that there is a ‘real need’ to reduce compliance costs, transaction costs and the complexity of business tax, it has urged HMRC to ‘make compliance easier’
and improve its process for collecting tax.
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