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ALLISON PLAGER reports on a roundtable discussion of ways to simplify tax for micro-business
KEY POINTS
- Employment regulations cause problems.
- Simpler accounting systems.
- One size does not fit all.
- Impact of National Insurance.
Following up its micro-business round table in the summer of 2011 LexisNexis held another meeting to consider how the tax system could be improved for micro-businesses. The event was held under the Chatham House Rule to allow for an open debate.
Where we are
Chris Jones who chaired the meeting gave a concise summary of the current tax for the employed employers the self-employed and limited companies. He also reminded attendees of the proposals in his white paper which he presented at the first meeting (see A way forward).
Too difficult
Another of the attendees then gave a short introductory talk....
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