Office of Tax Simplification
Encyclopedia
The Office of Tax Simplification is an office of HM Treasury
, part of the Government of the United Kingdom
. The office was created on 20 July 2010 to identify areas where complexities in the tax system for both businesses and individual taxpayers can be reduced and to publish their findings for the Chancellor to consider ahead of his budget. The initial board members are Michael Jack
(Chairman), who as a former MP and Financial Secretary to the Treasury
established the Tax Law Rewrite Project
, and John Whiting (Tax Director) who is the first Tax Policy Director of the Chartered Institute of Taxation. Jack and Whiting were appointed on an interim basis to lead the Office for the first year, and confirmed in office in September 2011. Along with the members of committees established to support the work of the Office, they are not paid for their work. They will be supported by a small secretariat, including tax experts from HM Revenue and Customs and the Treasury and externally funded secondees from the tax and legal professions. The first set of private sector secondees are Tom Byng, Caroline Turnbull-Hall, Partha Ray and Kate Cottrell, who joined Jeremy Sherwood, Tunde Ojetola and Anish Mehta.
The OTS submitted 2 reports to the Chancellor in March 2011. These are the Review of Tax Reliefs and the Review of Small Business Taxation. The Chancellor accepted some of the recommendations in his Budget announcement where he agreed to abolish 43 reliefs.
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
, part of the Government of the United Kingdom
Government of the United Kingdom
Her Majesty's Government is the central government of the United Kingdom of Great Britain and Northern Ireland. The Government is led by the Prime Minister, who selects all the remaining Ministers...
. The office was created on 20 July 2010 to identify areas where complexities in the tax system for both businesses and individual taxpayers can be reduced and to publish their findings for the Chancellor to consider ahead of his budget. The initial board members are Michael Jack
Michael Jack
John Michael Jack is the interim Chairman of the Office of Tax Simplification. Before he took upon this unpaid position that will be filled by a new appointment in 2011, he was a Conservative Party politician in the United Kingdom and was Member of Parliament for Fylde between 1987 and 2010, ...
(Chairman), who as a former MP and Financial Secretary to the Treasury
Financial Secretary to the Treasury
Financial Secretary to the Treasury is a junior Ministerial post in the British Treasury. It is the 4th most significant Ministerial role within the Treasury after the Chancellor of the Exchequer, the Chief Secretary to the Treasury, and the Paymaster General...
established the Tax Law Rewrite Project
Tax law rewrite project
The Tax Law Rewrite Project of HM Revenue and Customs was a major effort to re-write the entire tax legislation of the United Kingdom in a format which is both more consistent and more understandable...
, and John Whiting (Tax Director) who is the first Tax Policy Director of the Chartered Institute of Taxation. Jack and Whiting were appointed on an interim basis to lead the Office for the first year, and confirmed in office in September 2011. Along with the members of committees established to support the work of the Office, they are not paid for their work. They will be supported by a small secretariat, including tax experts from HM Revenue and Customs and the Treasury and externally funded secondees from the tax and legal professions. The first set of private sector secondees are Tom Byng, Caroline Turnbull-Hall, Partha Ray and Kate Cottrell, who joined Jeremy Sherwood, Tunde Ojetola and Anish Mehta.
The OTS submitted 2 reports to the Chancellor in March 2011. These are the Review of Tax Reliefs and the Review of Small Business Taxation. The Chancellor accepted some of the recommendations in his Budget announcement where he agreed to abolish 43 reliefs.