Constructionâ€™s complicated tax arrangements could be made simpler under a review announced by the Government.
Chancellor George Osborne has set up a new Office of Tax Simplification to hack through confusing rules and regulations across all industries.
The OTS will look at constructionâ€™s CIS scheme which has caused headaches for contractors for years and led to widespread false self-employment in the industry.
The OTS will undertake two initial reviews over the coming year concentrating on tax reliefs and small business tax simplification.
A revamp of business taxes will be presented in the 2011 Budget.
George Osborne said:Â â€The previous Government took a complex tax system and made it even worse. A decade of meddling and intervening has made the tax affairs of millions of families and businesses across the UK extremely complicated. We need to sort out this mess.â€
One contractor stated â€œNo-one really likes the CIS system but we have had so many reviews that to start all over again would create a real upheaval.â€