David Jetuah, Accountancy Age, Wednesday 19 May 2010 at 09:39:00

Vincent Oratore, the new president of the CIoT says the way tax law isdeveloped and implemented in the UK is "deeply flawed"


The incoming president of the CIoT has branded the UK tax rules as deeplyflawed in terms of development and implementation.

Vincent Oratore said tax law reform would be top of his agenda after beingsworn in as the taxation institute's new president yesterday.

?The way tax law is developed and implemented in the UK is deeply flawed,"said Oratore.

"There is not enough expert scrutiny and there is a shortage of parliamentarytime for considering the effect that changes to the tax system will have beforethey are made law."

Oratore flagged up this year?s pre-election Finance Bill, which was rushedthrough with just three hours of debate in the House of Commons, as a "particularly glaring example."

Further reading:

CIoTsets up branch inside HMRC

Instituteswin extension for adviser consultation