Three into one: a good idea or a merger made in hell?
Article Abstract:
A single audit covering pay-as-you-earn (PAYE), national insurance (NI) and value-added tax (VAT) assessments in the UK is recommended. Having separate structures for PAYE, NI and VAT has been blamed for the substantial compliance costs that have been a major burden for businesses, which bolster the argument for the integration of the three systems. Although the administrative approach to the problem has been suggested, it has been found to be limiting. In contrast, the structural approach may be more beneficial. It is more difficult because it requires major legislation changes and can adversely affect lowest-income taxpayers. Nevertheless, the upheaval a harmonization could bring is bound to produce more advantages than disadvantages. The recommendation should therefore be acted on immediately.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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The case for mutual recognition
Article Abstract:
International auditors and accountants find themselves torn between regulations of the various countries they are licensed in.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2003
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