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.
