.png)
.png)
The Office of Tax Simplification (OTS) will be established on a statutory basis as a permanent and independent arm of the Treasury, the government has announced.
Documentation of last week’s Budget confirms that OTS will increase its staffing level and take on a wider role, looking further into the implementation of its own ideas to generate clear maps for tax reform, as well as continuing its study of specific areas of the system on a project basis.
The Office of Tax Simplification (OTS) will be established on a statutory basis as a permanent and independent arm of the Treasury, the government has announced.
Documentation of last week’s Budget confirms that OTS will increase its staffing level and take on a wider role, looking further into the implementation of its own ideas to generate clear maps for tax reform, as well as continuing its study of specific areas of the system on a project basis.
The office’s next tasks will be to build on previous projects by reviewing closer alignment of income tax and National Insurance contributions and by taking a further look at small company taxation.
OTS tax director John Whiting said, “The announcement is confirmation that the experiment of setting up the [office] has worked and means a step change in our role. I look forward greatly to working with everyone who is interested in a simpler tax system.”
