Taxation logo taxation mission text

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

Chancellor must explain why the OTS is to close, say MPs

13 March 2023
Issue: 4880 / Categories: News

The chancellor must explain why he believes the Office of Tax Simplification (OTS) should be abolished says the House of Commons’ Treasury Committee.

The MPs are asking the chancellor to outline the thinking behind the decision to proceed with the closure of the OTS what analysis supports its closure and whether he believes the tax system is now successfully simplified. In a recent evidence hearing Bill Dodwell director of the OTS argued against the closure claiming the government would ‘lose a champion for simplification’.

In separate correspondence to the committee the OTS set out key potential opportunities for tax simplification. This includes the £85 000 threshold at which businesses must register and charge VAT on sales an ‘unusually high’ threshold which ‘impacts businesses at a key point in their development’ because small businesses ‘limit their turnover’ to remain...

If you or your firm subscribes to Taxation.co.uk, 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 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon