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Budget Bill too long and complex

City accountants are accusing the Treasury of making the budget bill too long and too complex.


The bill, published last Friday, runs to an enormous 557 pages, far surpassing the previous record holder, the 1996 budget, which was 460 pages long.


The Institute of Chartered Accountants is embarking on a campaign to compel the Treasury to simplify the tax laws motivated by the number of complaints they have received from its membership.


Institute of Chartered Accountants executive Frank Haskew was reported in the weekend Telegraph as saying “The volume of tax law has doubled since the 1980s. I do not know how ordinary people have a hope of understanding their tax affairs. Even accountants are struggling.”

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