Paul Morton, Tax Director of the Office of Tax Simplification, explains how the Government body is working to make the lives of small businesses that bit easier – and welcomes your feedback
For many years, the UK tax system has been becoming more and more complex. The UK tax code is one of the longest in the world and it keeps growing. In part this is to be expected, as the UK has one of the largest economies in the world and is at the forefront of new ways of doing business and the digital economy. The Government acted in 2010 to tackle this complexity by setting up the Office of Tax Simplification (OTS).
The OTS is the independent adviser to the Chancellor on ways of simplifying the tax system. Based in HM Treasury – and working closely with the Treasury and HMRC – the OTS carries out independent research and, on the basis of the evidence, makes recommendations for simplification. The OTS is tasked only with offering recommendations. Decisions are ultimately made by ministers and implementation is for the Treasury and HMRC. […]
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