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The organisation has updated its work on complexity in the tax system.
The Office of Tax Simplification (OTS) has published a new focus paper updating its work on complexity in the tax system.
The document summarises and reviews the topics covered in each of the papers published on the subject since the OTS was formed in 2010.
A summary follows but for details see here.
Length of legislation: This paper looked at the link between the length of the UK’s tax legislation and its complexity. Its analysis found that about half was ‘actual’ tax code leading the OTS to conclude that length does not necessarily equate to complexity. As a result it has not updated this report.
Tax thresholds: The original report examined the effect of monetary values on tax thresholds. It found 639 such thresholds in UK tax legislation and decided it would be a big task for HMRC and the Treasury in a time of exceptional...
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