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tax simplification
Office of Tax Simplification to look next at pensioner taxation and employee share schemes
HM Treasury asks for interim reports on two new areas of taxation in time for Budget 2012. The independent Office of Tax Simplification (OTS) was set up in July 2010 to carry out reviews and provide expert advice to the Chancellor on options to improve and simplify the UK’s tax system. Reports on the first [...]
Budget – Implementing the Office of Tax Simplification’s proposals
Last week’s newsletter included a review of two reports issued by the Office of Tax Simplification in time for consideration by the Chancellor for his Budget announcements on 23 March. A number of the recommendations found their way into the Budget, as follows. Of the various tax reliefs considered by the OTS, 43 are to [...]
Recommendations from the Office of Tax Simplification
The Office of Tax Simplification (OTS) is tasked by the Treasury with simplifying tax reliefs and small business taxation (including the IR35 rules) and making recommendations to the Chancellor in advance of Budget 2011. In November 2010 the OTS published the first ever comprehensive list of the UK’s tax reliefs and allowances on its website, [...]
