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WEST MIDLANDS TAX EXPERT CALLS FOR IDEAS TO AID UK TAX COMPETITIVENESS

Home / News & Opportunities / Member News

Date: 24/02/2014

West Midlands businesses are being urged to suggest how the Treasury could simplify the tax system to help the UK to be more competitive.

Andy Richens, Technical Tax Director at Britain's fastest growing firm of accountants Bishop Fleming, which has an office in Worcester, has been appointed as a fixed-term policy adviser for the Office of Tax Simplification (OTS), who are seeking ideas for an initial report on tax simplification to be presented ahead of the next Budget announcement.

"The Office of Tax Simplification (OTS) has been asked by the Chancellor to conduct a review of how the Government could improve the competitiveness of the UK tax system", said Mr Richens.

Right now, the UK is ranked 10th overall for doing business by the World Bank, but is ranked 14th for taxation and 28th for starting a new business.

"The Government wants to make the UK a better place for doing business, and wants recommendations on tax simplification. Those recommendations will focus on ways in which smaller businesses could benefit from changes to tax administration", said Mr Richens.

Mr Richens is keen to hear suggestions from West Midlands businesses.

"HMRC has already made a number of improvements, but business owners will know of more ways in which the burden of tax administration could be reduced. I want to hear those ideas and put them forward to the Chancellor", said Mr Richens.

Bishop Fleming has provided a forum on its website - "Tell the Chancellor" - which enables businesses to post suggestions for tax improvements that Andy Richens can put forward: www.bishopfleming.co.uk/tellthechancellor .
 

Photo-caption: Andy Richens, Technical Tax Director at Bishop Fleming and Policy Adviser to the Office of Tax Simplification, outside No.11 Downing Street.