The Institute of Chartered Accountants of Scotland (ICAS) has confirmed its in-principle support for modernising the UK tax system, while urging the government to ensure reforms do not create excessive compliance burdens for businesses or their advisers.
The professional body made the observation as ICAS OMB & Practice (Employment & VAT) head of tax Gordon Grant shared the institute's response to two separate consultations.
The two government initiatives are an HMRC consultation on reporting company payments to participators and a joint call for evidence on business systems integration run by HMRC and the Department for Business and Trade.
The systems integration review explored whether connecting commercial software platforms such as accounting packages, banking portals, e-commerce tools and point-of-sale systems could help businesses maintain records more accurately and efficiently.
ICAS noted that linked software ought to reduce administrative workloads and raise data quality.
#government
The professional body made the observation as ICAS OMB & Practice (Employment & VAT) head of tax Gordon Grant shared the institute's response to two separate consultations.
The two government initiatives are an HMRC consultation on reporting company payments to participators and a joint call for evidence on business systems integration run by HMRC and the Department for Business and Trade.
The systems integration review explored whether connecting commercial software platforms such as accounting packages, banking portals, e-commerce tools and point-of-sale systems could help businesses maintain records more accurately and efficiently.
ICAS noted that linked software ought to reduce administrative workloads and raise data quality.
#government
2 months ago
