The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
The tax body noted that ‘virtually none’ of the comments made in its March 2010 submission on proposals to bring corporation tax into the harmonised interest regime enacted in FA 2009 were ‘taken on board’.
‘We fully understand that HMRC have to weigh comments and representations made and decide which to take up. But our comments were mostly of a technical nature that we saw as improving the legislation.
'We have had no feedback as to why so little of our work has been deemed useful and such an outcome does lead us to wonder whether it is worthwhile for professional...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
The tax body noted that ‘virtually none’ of the comments made in its March 2010 submission on proposals to bring corporation tax into the harmonised interest regime enacted in FA 2009 were ‘taken on board’.
‘We fully understand that HMRC have to weigh comments and representations made and decide which to take up. But our comments were mostly of a technical nature that we saw as improving the legislation.
'We have had no feedback as to why so little of our work has been deemed useful and such an outcome does lead us to wonder whether it is worthwhile for professional...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
