Office of Tax Simplification becomes permanent

By Anne-Marie Roberts, Head of Taxation – Scottish Taxes and Indirect Taxes

22 July 2015

ICAS welcomes the news that the Office of Tax Simplification has been established on a permanent basis.

David Gauke, the Financial Secretary to the Treasury, has confirmed that the Office of Tax Simplification (OTS) has been established on a permanent basis as an independent Office of the Treasury.

This was a manifesto call by ICAS and will be welcomed by members.

The OTS was established as a temporary Office of the Treasury in 2010 to advise the Chancellor on options for addressing existing complexity in the tax system. It will be established on a statutory basis in Finance Bill 2016, as announced at Summer Budget 2015.

A new Framework Document setting out the structure within which the OTS will operate has been published together with terms of reference for two upcoming reviews, which will cover:

Both reviews are due to report in advance of the 2016 Budget.

ICAS will be involved in the OTS reviews and you can pass on your comments to icas-tax@icas.com.

Topics

  • Tax

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