Uk Office Of Tax Simplification

OTS Review Identifies Drivers of UK Tax Complexity

The Office of Tax Simplification published a review commissioned by the previous Chancellor and Financial Minister, identifying drivers of tax complexity in the UK. The review provides guidance for officials making tax policy on ways to prevent or mitigate tax complexity. The OTS reaffirms its focus on individuals and small businesses as those who need tax simplicity most.

UK Property Income Tax Simplification Review Survey Closes

The Office of Tax Simplification (OTS) has closed its call for evidence on property income taxation, which ran from March 17 to June 5, 2022. The OTS sought input from landlords, small businesses, professional advisers, and representative bodies on complexities in property income taxation. The OTS Review of residential property income was subsequently published on November 1, 2022.

OTS Review of Hybrid and Distance Working Tax Rules

The Office of Tax Simplification published the outcome of its call for evidence on hybrid and distance working tax rules on 20 December 2022. The review examined emerging trends in flexible working arrangements, including cross-border employment, and assessed whether existing tax and social security rules are adequate. The consultation ran from 31 August to 28 October 2022, with the period shortened due to the planned closure of the OTS by end of 2022. The OTS website links to the full report with findings and recommendations.

Chancellor Closes Office of Tax Simplification

The Chancellor announced on 23 September 2022 that the Office of Tax Simplification (OTS) will be closed as part of the Growth Plan 2022 fiscal event. As the OTS is a statutory body, the closure will take effect when the next Finance Bill receives Royal Assent. The Office expects to publish its report on Property Income taxation in October and will continue gathering evidence on its Hybrid and distance working review until closure.

OTS to Close After Hybrid Working Report

The Office of Tax Simplification (OTS) announced its closure as part of the Growth Plan 2022. The office will publish its findings from the hybrid and distance working call for evidence before the end of 2022 and will not undertake further work. Formal closure will occur when the Spring Finance Bill 2023 receives Royal Assent.