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NIC-income tax merger: cutting red tape or hiding tax rises?

Monday, August 01, 2011 | Posted by: Dave Jennings
Categories: Business, Employer, Personal | Tags: income tax, Dave Jennings, tax avoidance, NIC, consultation, National Insurance, Office for Tax Simplification, OTS, National Insurance Contributions, PAYE, Tax Investigations, Real Time Information, merger, pensioners

Integrating income tax and National Insurance will reduce the administrative burden on employers and stem the number of mistakes made in administering PAYE, says HM Revenue & Customs. Under a new ‘call for evidence’, you have until September 2011 to agree or disagree. Is this genuine red tape-cutting or a tax-raising agenda?

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The kindest tax cut

Tuesday, April 12, 2011 | Posted by: Mike Warburton
Categories: Business | Tags: HMRC, budget, legislation, tax policy, tax reliefs, Office for Tax Simplification, OTS, Mike Warburton, budget2011, tax agents

In July 2010, the chancellor announced the establishment of an Office for Tax Simplification (OTS). It was set up to work with tax professionals, and Grant Thornton has given full support. After the OTS produced an interim report last November and a final report in time for the March Budget, the chancellor duly announced his acceptance of some of the recommendations. Mike Warburton reviews the UK’s high volume of tax legislation and the new body’s role.

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