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Nine tax policy documents

Radical reforms to the PAYE system saving employers an estimated £500 million are among proposals set out in nine tax policy documents released ‘for discussion and consultation’ as Parliament rose for the summer recess.

CIOT President Vincent Oratore welcomed ‘the new Government’s commitment to meaningful consultation on tax issues’. The Treasury said the publication followed commitments including a new approach to tax policy making (see www.lexisurl.com/NhNLG) made at the June Budget. The papers would provide interested parties with ‘a more comprehensive view’ of proposed reforms in relation to:

  • PAYE: improving the operation of the system by collecting ‘real time information’ and in the longer term introducing a system of ‘centralised deductions’ which would take responsibility for doing the calculations away from employers and place it with HMRC (closing date for comments 23 September 2010).
  • ...

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