The Office of Tax Simplification has produced a report looking at ways in which the administrative process for making claims and elections could be simplified across income tax, corporation tax, CGT and VAT. The OTS identifies three key areas where its recommendations would benefit the broadest section of taxpayers:
increasing functionality of the personal and business tax accounts including adding the ability to make more claims and elections within the account;
improvements to the process for claiming employee expenses (noting that currently over 5m employees claim tax relief on expenses not reimbursed by their employer); and
improving online forms.
Bill Dodwell, OTS tax director, pointed out that although millions of people make claims and elections, ‘there are still those who aren’t making claims for all that they are entitled to. Claims for employee expenses are a particular focus, together with claims for higher rate relief for pension contributions and gift aid donations.’
The Office of Tax Simplification has produced a report looking at ways in which the administrative process for making claims and elections could be simplified across income tax, corporation tax, CGT and VAT. The OTS identifies three key areas where its recommendations would benefit the broadest section of taxpayers:
increasing functionality of the personal and business tax accounts including adding the ability to make more claims and elections within the account;
improvements to the process for claiming employee expenses (noting that currently over 5m employees claim tax relief on expenses not reimbursed by their employer); and
improving online forms.
Bill Dodwell, OTS tax director, pointed out that although millions of people make claims and elections, ‘there are still those who aren’t making claims for all that they are entitled to. Claims for employee expenses are a particular focus, together with claims for higher rate relief for pension contributions and gift aid donations.’
