I received my annotated copy of this year’s UK Finance Act this morning from the Association of Taxation Technicians.

The introduction provides further evidence of just how complicated the UK’s tax system has become notwithstanding recent simplification efforts.

The Act comprises 93 sections, 26 schedules and 398 pages.

“The added pages far exceed those that can be deleted from tax legislation as a result of the repeal of redundant relieifs …, even if one were to include the further 36 reliefs on which the [UK] Government is consulting.”

The schedule on “disguised remuneration” alone adds 69 pages.  The “bank levy” schedule adds a further 52 pages.

Time for a Scottish Exchequer?