KPMG were asked by HMRC to model the administrative burden of tax compliance to UK business. Rachel Anderson describes the model and how it might be used by HMRC and taxpayers
If red tape is defined as compliance costs over and above those required for effective regulation being against red tape is like being against sin. It's a universally detested waste of resources that impoverishes all of us. Contrary to popular belief regulators like it no more than those tangled up in it because it wastes their resources too and makes them appear officious and inefficient.
The problem with red tape is that in addition to its distinctive colour it has a distinctive slipperiness. It's impossible to say where processes and compliance procedures essential for effective regulation end and red...
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:
KPMG were asked by HMRC to model the administrative burden of tax compliance to UK business. Rachel Anderson describes the model and how it might be used by HMRC and taxpayers
If red tape is defined as compliance costs over and above those required for effective regulation being against red tape is like being against sin. It's a universally detested waste of resources that impoverishes all of us. Contrary to popular belief regulators like it no more than those tangled up in it because it wastes their resources too and makes them appear officious and inefficient.
The problem with red tape is that in addition to its distinctive colour it has a distinctive slipperiness. It's impossible to say where processes and compliance procedures essential for effective regulation end and red...
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:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
