Simplifying the tax system is a critical public policy objective. And it is even more important given the challenges and opportunities of Brexit that first order issues such as tax simplification, and in particular reducing cumulative compliance costs for small businesses and the self-employed, are not kicked into the long grass. Small businesses are the engine of the UK economy. They need and deserve a tax system that supports their growth and productivity ambitions.
The UK tax system is undeniably complicated. Many small businesses and self-employed entrepreneurs have limited time and resources, which poses a particular challenge when dealing with complex calculation and reporting processes.