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Performance indicator
KEY POINTS
- The OTS has made more than 450 recommendations since its inception in 2010.
- Simplification has to considered in light of other costs and consequences.
- Employing people from the public and private sectors gives the OTS a unique outlook.
- Latest work includes reviews of VAT the corporation tax computation and the gig economy.
After seven years more than 450 recommendations and much building of trust in government business and practitioner circles the Office of Tax Simplification (OTS) has arrived as a statutory body (FA 2016 s 184) with the publication of its first annual report.
Set up initially on a temporary informal basis in July 2010 the OTS has made such an impact that the government has accepted half its recommendations and a further quarter are being...
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