HMRC's latest plans to cut tax administration

Despite research by KPMG, which shows the burden of tax administration in the UK compares favourably with other countries using the same methods, including the Netherlands and Denmark, at just 0.41% of GDP, HMRC is aiming to reduce the complexity and size of the administration burden. The research revealed just 85 requirements relating to dealing with forms and returns impose 85% of the total costs, however it also shows there is a large collection of another 2,607 obligations, which although they only apply to a small number of businesses, can collectively cause irritation and give the i...