Tax System (Simplification)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 7th March 1967.

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Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

I would refer the hon. Member to the Answer my right hon. Friend gave on 17th January to the hon. Member for Folkestone and Hythe (Mr. Costain)—[Vol. 739, c. 6]—and to my speech in the debate on 27th January. —[Vol. 739, c. 2006–20.]

Photo of Mr Norman St John-Stevas Mr Norman St John-Stevas , Chelmsford

Would not the Treasury be well advised to start a pro- cess of simplification with the abolition of the grotesque and inequitable Selective Employment Tax and so save us the trouble of abolishing it when we return to power?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

That is hardly a very good example, because the Selective Employment Tax is one of the simplest and cheapest taxes to collect.

Photo of Sir John Hall Sir John Hall , Wycombe

Would not the hon. and learned Gentleman agree that the Chancellor of the Exchequer, in introducing his first Budget, said that it was his intention to simplify the tax structure? Would he not also agree that any accountant or secretary will tell him that the taxation system has never been more complicated than it is now and that it is most important to arrive at an accurate assessment of tax liability?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

Most accountants would tell the hon. Gentleman that the introduction of Corporation Tax has enormously simplified company taxation.