Office of Tax Simplification: Osborne's distant dream

Andrew Goodall

A new Office of Tax Simplification (OTS) will tackle what the Chancellor described as a ‘spaghetti bowl of reliefs, exemptions and allowances’.

George Osborne said he held a distant dream ‘that people might actually understand the tax laws that they’re being asked to comply with’.

A new Office of Tax Simplification (OTS) will tackle what the Chancellor described as a ‘spaghetti bowl of reliefs exemptions and allowances’.

George Osborne said he held a distant dream ‘that people might actually understand the tax laws that they’re being asked to comply with’.

The OTS’s first tasks will be to:

review all tax reliefs and identify those that should be repealed or simplified; and
recommend ‘priority areas’ for simplification of small business tax. It will explore alternative legislative approaches to IR35 the intermediaries legislation.

The OTS will publish...

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A new Office of Tax Simplification (OTS) will tackle what the Chancellor described as a ‘spaghetti bowl of reliefs, exemptions and allowances’.

George Osborne said he held a distant dream ‘that people might actually understand the tax laws that they’re being asked to comply with’.

A new Office of Tax Simplification (OTS) will tackle what the Chancellor described as a ‘spaghetti bowl of reliefs exemptions and allowances’.

George Osborne said he held a distant dream ‘that people might actually understand the tax laws that they’re being asked to comply with’.

The OTS’s first tasks will be to:

review all tax reliefs and identify those that should be repealed or simplified; and
recommend ‘priority areas’ for simplification of small business tax. It will explore alternative legislative approaches to IR35 the intermediaries legislation.

The OTS will publish...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: