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Finance and Accounting

Finance and Accounting
Making the right decisions on tax policy is critical–it makes a difference to almost every business and citizens in the UK .This is more important than ever ,as we face the urgent task of reducing government borrowing.
The government is committed to creating the best possible environment for a private sector led economic recovery and a competitive tax system is at the heart of this approach. But a competitive tax system is not only about the level of taxation and the policy choices that determine its incidence. It is also about the quality of our tax law and the way in which we make tax policy.
To help shape a new approach to tax policy making, the government issued a discussion document to share the objectives of business and the tax profession to have a more deliberative process in making tax law, with legislation of the highest quality.
Critically discuss the government’s new approach to tax policy making and a number of proposals set out for improving the framework for developing legislation and implementing tax policy .Your work should be clearly focused on the reforms to the way tax policy is made to restore the UK tax system’s reputation for predictability, stability and simplicity.
Assignment Format and Layout
The coursework should be typed using 12 pt. Times New Roman Text with line spacing of 1.5. The word limit is 1,500 words (excluding references) and should not be exceeded.
Literature Review:Clear demonstration of a sophisticated, critical and thorough understanding of the importance of making right decision on tax policy and its overall impacts on businesses and individuals in the UK.
Tax reform and UK economic competitiveness:Clear demonstration of a sophisticated, critical and thorough understanding of the structural reforms necessary to tax system to restore competitiveness of the UK economy.
Factors affecting the overall complexity and uncertainty of the current UK tax system: Clear demonstration of a sophisticated, critical and thorough understanding of the current way in which tax policy is developed, legislated and implemented as a contributing factors to the overall complexity and uncertainty of the current UK tax system

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