On November 11 the Office of Tax Simplification (OTS) which usually focused on advising the government on ‘simplifying the UK tax system to make things easier for taxpayers’ stepped out onto the policy stage with the publication of its first of two reports into CGT. In contrast to other OTS reports this first report looks at the policy design and principles underpinning the tax rather than the more usual study into technical and administrative issues. Those will follow in a second report leaving this one free to range for more than 100 pages over the whole policy landscape of capital gains tax which turned 55 years old in April.
To be fair this was in response...
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On November 11 the Office of Tax Simplification (OTS) which usually focused on advising the government on ‘simplifying the UK tax system to make things easier for taxpayers’ stepped out onto the policy stage with the publication of its first of two reports into CGT. In contrast to other OTS reports this first report looks at the policy design and principles underpinning the tax rather than the more usual study into technical and administrative issues. Those will follow in a second report leaving this one free to range for more than 100 pages over the whole policy landscape of capital gains tax which turned 55 years old in April.
To be fair this was in response...
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