In November last year the Chancellor asked the OTS to report on the competitiveness of the UK tax system, explains Simon Sweetman.
The word is out again, with calls for the tax system to be altered so that taxpayers can understand it: A simple (not to say simple-minded) request.
The Office of Tax Simplification (OTS) continues.
Hundreds of thousands of families losing child benefit payments this year need to "get off their backsides" and fill in extra forms to avoid being fined by the tax
In 2006, the then Labour government introduced “pension simplification”.
A few minor tweaks have been made to simplify the optional cash accounting regime that will be available to small, unincorporated businesses from 1 April.
Just before Christmas, HMRC released amended draft Finance Bill 2013 clauses setting out further details for the simplified income and expense regime, and transitional rules to restrict manipulatio
Proposals to simplify financial and corporate reporting requirements could benefit five million of the smallest businesses, resulting in considerable cost savings in accounts preparation.