Friday 2 October 2009

Tax code swells by 150% in 12 years

Lexis Nexis says its Yellow Tax Handbook has more than doubled in size from 4,998 pages in 1997 to 11,520 today.

LexisNexis has found the UK's tax code weighs in at double the amount of pages it did in 1997, when the Labour government came into power.

On the the launch of the 2009 edition of its tax guide, Tolley’s Yellow Tax Handbook, the business information company said the current issue contained 11,520 pages, compared to 4,998 pages twelve years ago.

Tax experts said the significant increase highlights the growing complexity of the UK tax system and the impact of the government’s recent attempts to introduce recession-busting legislation.

Read more: http://www.accountancyage.com/accountancyage/news/2248994/tax-code-swells-150-years

www.ukba.co.uk

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