Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Aiming for alignment

05 April 2016 / Rob Durrant-Walker
Issue: 4544 / Categories: Comment & Analysis

Recent OTS reports on the alignment of tax and National Insurance and the future taxation of small companies.


  • The Office of Tax Simplification published two important reports in March 2016.
  • No proposals for merger but seven recommendations to align tax and National Insurance.
  • Suggestions for simplifying tax and administration for micro-companies and nano-companies.
  • Saving tax is not seen as a primary reason for incorporation of small businesses.
  • Hybrid vehicles suggested to bridge the gap between sole trader and company.

Notwithstanding the volume of legislation that the Treasury continues to churn out as Finance Bill 2016 puts the Office of Tax Simplification (OTS) on a statutory footing there is clear impetus for the body’s work in scoping profound changes to the tax system.

In March the OTS released two significant thorough yet very readable reports recommending changes to align tax and...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon