As the debate on paying the correct (whatever that means) amounts of corporation tax rages on, almost all pundits agree that the myriad allowances is what creates avoidance schemes and loopholes. After all, if there are no exceptions and exemptions then people cannot search for loopholes – or so the theory goes. So why does the UK not introduce flat rate corporation tax, say 15%, all across the board. I don’t say this simply because company registrations is my bread and butter and want to encourage more company formations. Presumably HMRC are concerned about it not working as per the text book. Failure to respond as per the insturction manual is a common problem. But, and here is my big idea, why not trial it for all new company registrations for a specific time, and see what happens. Or am I missing something here?