Tories pledge to establish OTS 'permanently'
Office of Tax Simplification would see role expanded and resource bolstered in next parliament should the Conservatives win election, party pledges
Office of Tax Simplification would see role expanded and resource bolstered in next parliament should the Conservatives win election, party pledges
THE OFFICE OF TAX SIMPLIFICATION would be permanently established, given greater resource and see its role expanded under a Conservative government, the party confirmed in a manifesto pledge.
The body, led by former CIoT tax policy director John Whiting (pictured), was brought in following the 2010 general election and tasked with stripping out poor and unnecessary areas of the tax code and advising on policy.
Despite having just six members of staff – some of whom are part-time – its work has been well-received and the Conservatives have committed to retaining and bolstering the organ in the next parliament.
“The creation of the Office of Tax Simplification in 2010 has resulted in many improvements to the UK tax system. We will establish the OTS on a permanent basis and expand its role and capacity,” the party’s manifesto pledge read.
Grant Thornton head of tax Jonathan Riley said: “The Conservative Party’s pledge to establish the OTS on a permanent basis is something many will welcome and something Grant Thornton has been calling for for some time. We’d hope other parties also adopt this thinking, as whichever party(ies) come into power will undoubtedly find the OTS’s recommendations compelling in helping to solve the complex and labyrinthine issue of tax interpretation.”
More about:
The numbers you crunch tell a story. Your expertis...
9yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe report suggests a wide range of reforms focussed on bringing together corporation tax and accounts, including creating five year roadmap for CT re...
View articleAlleviating tax red tape, and stronger investment incentives, are key requests for the chancellor Philip Hammond to consider from the ACCA Read More...
View articleThe independent office looks to hear from taxpayers on how it can further simplify the UK's contrived tax system Read More...
View articleThe programme will force over six million people to pay more NIC's, but over seven million will end up paying less Read More...
View articleUK tax code is 12 times longer than King James Bible, and its intricacy encourages tax avoidance, a new report has found Read More...
View articleThe recommendations call for greater small business support from HMRC, as well as the sharing of information between government departments Read More...
View articleFormer chief executive of lobby group the British Bankers' Association Angela Knight fields MPs' questions over her suitability to head the Office of ...
View articleTaxpayers will be able to have a 'web chat' with HMRC from later in the month, as a more real-time tax system is set to be launched Read More...
View article