Mark Lee, a past Chairman of the ICAEW Tax Faculty has revealed that his frustrations with the tax system led him to move away from giving tax advice two years ago, despite having reached the top of his profession.
Wednesday, 02 July 2008
In an extended ‘Comment’ article in the current issue of Taxation magazine, Lee, who is a Fellow of both of the Institute of Chartered Accountants and of the Chartered Institute of Taxation, explains that his frustrations were a direct consequence of three key developments in the tax system, some of which Lee felt were in danger of bringing tax law into disrepute.
“The ever increasing complexity of our tax system has caused inequalities and inconsistencies and this is not helped by the ‘doublespeak’ of politicians and civil servants with regards to our tax system. Combine this with the prospect of increased powers for HMRC without adequate safeguards for taxpayers and things become very worrying indeed” says Lee.
But despite his reservations about giving tax advice directly, Lee still retains a passion for supporting other accountancy professionals and last year, at the age of 50, he founded the UK’s first independent specialist tax advice community – the Tax Advice Network. In just over six months the Tax Advice Network has grown to over 1,000 accountants and other registered users, who regularly use the network to source quality and up to date tax advice from tax specialists across the country.
Taxation magazine editor Mike Truman commended Lee for his contribution by saying “Mark is probably one of the few people who can write about this from the inside, because he is no longer giving advice, yet is still closely involved with the tax scene.”
The Tax Advice Network is the UK’s first independent network of tax specialists. For more information visit www.TaxAdviceNetwork.co.uk
1 – Taxation magazine, published by LexisNexis, was founded in 1927 and is the leading authority on tax law, practice and administration in the UK. The current issue appears on Thursday 3 July. Full copies of the 2,800 word article are available on request (see below).
2 – Mark Lee has been a tax partner at both BDO Stoy Hayward and at Horwath Clark Whitehill. He remains chairman of the Personal tax and finance committee of the ICAEW and vice chairman of the London Society of Chartered
Accountants tax committee. He is a well regarded speaker and a respected commentator on the tax scene.
3 – The Tax Advice Network is a free to use online search facility that helps you find the specialist tax adviser that you need.
It is the UK’s first independent network of tax advisers and was the brainchild of Mark Lee, a former Chairman of the ICAEW Tax Faculty. He has ambitious plans for the network drawing on his many years of experience in the profession and his involvement in both offline and online membership communities.
The Network provides accountants and other regulated advisers with the ability to choose who provides them and their clients with specialist tax support.
Our tax specialist members expect to enhance their businesses through the benefits they gain within the network. These include the additional exposure they get to their target audience and from being part of a supportive community of tax advisers.
Membership of the Network is limited to tax specialists who are able to satisfy our membership criteria and are willing to make a commitment to the Network and the members thereof.