Accountancy Age reports that Chas Roy-Chowdhury appeared before the House of Lords Finance Bill committee last week, and told them that the Treasury does not have the necessary expertise to develop tax policy.
"We also did not see any problems about tax policy moving across to the Treasury but I think that is now a problem.
I think tax policy is in the wrong place. It ought to go back into HMRC. HMRC has the tax expertise.
The Treasury has the economists, who have not probably ever dealt with tax, so we need to bring it back into HMRC, where the proper consultation happens, where there is proper expertise and where there is proper policy formulation."
I would be interested to hear people's views on this, especially those within HMRC.
Is this really a panacea for HMRC's ills, or merely some tinkering with the deckchairs as the ship continues to sink?
Tax does have to be taxing.
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