I recently listened to a radio panel debate regarding the week’s news. One of the topics debated was the proposed ‘Sugar Tax’. Most panellists thought this was a good idea to help in the battle against childhood obesity. One panellist disagreed stating the UK already had the most complicated taxation system in the world. According to her, the HMRC tax code handbook now runs to nearly 7,000 pages!
Recent changes to Stamp Duty Land Tax, the government levy on buying property, has further added to this complication.