How tax should be used to shape post Brexit Britain is up for debate. It’s vital the business community is part of this discussion – businesses large and small see the impact of tax every day, and how it interacts with employment and investment.
So what are the prospects for a fundamental reform to our tax system? The Business Jury recognised forces are coming together which could bring more change than we have seen in recent years: public and political pressure for a system that feels fairer and more transparent; pressure on Government to ensure continued growth nationwide post Brexit; business wanting a competitive, but simpler and more certain system; and technology shaking up how taxes are paid and collected. But will the opportunity be seized? The jury’s still out.
“Brexit moves tax reform beyond the conceptual. It gives us the chance to think afresh about what we – the Government, business and public – want from the tax system.”