One of the UK’s leading tax specialists today called for changes to the taxation system to make it fairer to taxpayers in addition to creating financial efficiencies. David Redfern, Director of DSR Tax Refunds Ltd, today called upon the UK government to give consideration to proposals intended to make the taxation system fairer to a greater population of taxpayers than the current system, which tends to favour better-off UK taxpayers. Redfern encourages taxation reform as a way of benefitting greater numbers of UK taxpayers as well as making annual savings worth billions of pounds.
Redfern added his weight to proposals to make far-reaching changes to the current system called for by a number of interested parties, including recent proposals by the Association of Accounting Technicians (AAT), which made a number of suggested changes including scrapping marriage allowance, moving responsibility for paying Stamp Duty to the seller rather than the buyer, as well as a raft of proposals aimed at pension reform, including aligning pensioner benefits with the current state pension age and changing Pension Relief to a flat rate of 20%. Redfern, who has previously called for taxation reform, commented that “It is time as a country to have potentially difficult conversations about how we want our taxation system to look in the future. As it stands at present, the system currently favours higher rate taxpayers disproportionately, and yet as the AAT have shown, simple and yet effective changes exist which would allow those benefits to be extended to basic rate taxpayers whilst also bringing in savings in excess of £25bn per year”.
Redfern acknowledged that some of the proposals, especially those surrounding pensions and marriage allowance, might be unpopular with the general public but he urged the UK government to consider the taxation system with the purpose of supporting a fairer society for the 21st century. Redfern stated that “Whilst it is tempting to leave as is, the fact is that our current taxation system is unfair to many in our society. If we want an economy to grow and which benefits the majority, we need to make far-reaching structural changes to support that majority. If we take Marriage Allowance as an example, it is worth less than £300 per year to those who qualify and yet costs UK taxpayers, as a whole, nearly £400m per year. It is a shocking reflection on our society that another of the AAT suggestions is closing the gender gap – something that we should surely have tackled far better already”. Redfern called upon the UK government to begin consultation on ways to improve and reform the taxation system immediately.
About DSR Tax Refunds Ltd
DSR Tax Refunds Ltd are a firm of tax rebate specialists serving clients nationwide. DSR Tax Refunds are tax preparation experts who specialise in identifying potential allowable expenses for tax rebates for clients. Their specialist team can help employed and self-employed subcontractors with all relevant paperwork to ensure their claim is handled in an accurate and efficient manner.
For more about DSR Tax Refunds, visit https://tax-refunds.co.uk/
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DSR Tax Refunds Ltd
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Registered Office: Suite 637, 109 Vernon House, Friar Lane, Nottingham, NG1 6DQ