Andrew Hodge
Managing Partner for Tax Deloitte
The next big theme is transparency. This comes in many aspects but the underlying point is those administering the tax system and major contributors – large companies – need to demonstrate rather more clearly the right amount of tax is being paid – and that it’s very substantial. Business pays directly about a third of UK tax – but you’d never think that if you read the press and saw the demonstrations. The Public Accounts Committee has recently openly criticised HMRC and I hope Sir Andrew Park and the NAO will be able to give Parliament and the country the assurance tax is being administered fairly and correctly. Business transactions – and the tax...
