HMRC umbrella company ‘checking tool’ looms for workers
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The hugely complex UK tax code needs to be radically simplified by scrapping or replacing 20 taxes to eliminate harmful distortions, says the Institute of Economic Affairs.
The latest briefing paper from the Institute of Economic Affairs, authored by Sam Collins and Alexander Hammond, suggests a radical simplification of the tax code as the five-year average tax burden in the UK is at a 70-year high.
Read more at Accountancy Daily.