The Autumn Statement is due on 25th November and with the noise and hoo-ha that usually surrounds it, the pundits come out in full force. But what can we expect from the Chancellor this time?
Before I dive in let’s think about the accountants who often despair at this time because of the complexity of what’s to be announced. They must cope with the new changes, changes to those changes that will eventually creep up on us and even more changes to the changes before those. It’s difficult enough for small businesses to understand so please, spare a thought for the accountants who will be tasked to explain these changes to their clients.
As we move closer to Christmas perhaps it would be a good time to write that wish list to Father Christmas. Fewer tax laws would be on mine which would cut down the Finance Act which is a few hundred pages. He could also give Britain’s Tax Code a good look through as that currently stands at over 17,000 pages long – I’m not joking here.
So, simplicity is what’s needed here and for the hard-working and ambitious business people it’s important they concentrate on running and developing their business and not tackling mind numbing tax laws and regulations.
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AIMS Accountants for Business are the largest independent association of professionally qualified accountants in the UK specialising in accountancy for small, local and independent businesses. AIMS are no ordinary accountants and we are more than just number crunchers!