How do we simplify tax now that the OTS has gone?

One thing most people would agree on is that the UK tax system is incredibly complicated with vast amounts of legislation and guidance making it hard for some UK taxpayers to pay the right amount of tax. Any changes proposed to the UK tax system should therefore have simplification in mind while also considering the impact on the tax gap and remembering that simplification can potentially open the door to tax avoidance.

The tax gap is the difference between the amount of tax that HMRC believes should be paid and the amount that is actually paid. In 2020-21 the tax gap was estimated to be £32bn or 5.1% of the tax liabilities HMRC expected to collect. Much of the tax gap includes uncollected income tax National Insurance contributions and capital gains tax collectively making up over a third of the tax gap (39.5%) or...