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Making a claim
Key points
- The UK tax system has over 1 000 claims and elections.
- The review of claims and elections by the OTS makes 15 recommendations for simplifying the system.
- Digital tax accounts and their possible development.
- Many eligible employees do not claim employment expenses.
- Improving HMRC’s online forms.
Claims and elections are common aspects of our tax system and these can be made in a variety of ways which can sometimes be confusing. The National Audit Office has recently stated that there are 1 190 tax reliefs most of which will require a claim of some kind – and that does not include the various elections that exist.
The Office of Tax Simplification (OTS) has recently published a document Claims and elections review: Simplifying administrative processes (tinyurl.com/y3ammvks) which focuses on how the administration of claims and elections across corporation tax income...
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