On Tuesday Treasury minister David Gauke confirmed the government’s intention to establish an Office of Tax Simplification (OTS). Introducing a report entitled Tax policy making: a new approach (320KB PDF) the Exchequer Secretary to the Treasury noted, “I am frequently told by businesses and the tax profession about the importance of predictability, stability and simplicity in the tax system. Business and tax professionals have previously criticised the tax policy making process as piecemeal and reactive, pointing to the wide range of policy announcements in recent years that have been unexpected and insufficiently thought through.” As trailed in the Conservative manifesto, the OTS will form the foundation...
Advisers invited to shape tax policy
22nd Jun 2010