what changes would give the UK tax system greater clarity?
Among the proposals, which we have put together with the Law Society tax law committee, is the creation of permanent tax advisory body which would consist of MPs, representatives of HMRC, professional bodies, business and commerce, and academics. The body’s role would be to make recommendations for the reform and simplification of existing law; monitoring the practical application of legislation and proposing amending legislation when it is considered necessary; and reviewing new legislation as it progresses through the parliamentary process. In our sub-manifesto, ‘Tax: good governance and better law-making’, we also propose making changes to existing law so that income tax and corporation tax are levied on a permanent basis, the division of each Finance Bill into two bills (a short annual bill containing the necessary changes for the year and a separate technical bill), automatic reference of each Finance Bill to the tax advisory body, whose recommendations would be debated by Parliam
