Source · Select Committees · Business and Trade Committee
Recommendation 11
11
Reduce administrative burden and complexity of the tax system for small businesses.
Conclusion
The tax system is becoming more complex. This is generating significant burdens for SMEs, distracting business owners from running their companies, and jeopardising collection of tax revenues. Initiatives such as Making Tax Digital suggest such costs are not adequately appreciated by HMRC and the Treasury. The Government has recognised the importance of reducing the regulatory burden for businesses. It must now do the same for the tax system. (Conclusion, Paragraph 55)