The Institute of Chartered Accountants in England and Wales (ICAEW) has called for the Autumn Budget to accelerate work to build a modern tax system.
While urging a “manageable pace” of transition, the ICAEW cautioned against implementing tax changes without consultation, such as the new Health and Social Care Levy.
The Autumn Budget is an opportunity to further the work needed to transform the UK’s tax system into "one that is fit-for-purpose ...