UK Office of Tax Simplification: time to take stock

The UK Chancellor of the Exchequer, George Osborne, launched the Office of Tax Simplification (OTS) in July 2010, to advise on the delivery of a simpler tax system. He noted that the UK had slipped from 7th to 13th in the World Economic Forum’s Global Competitiveness Index in the previous decade, and during that period the tax code, ‘one of the most complicated and opaque’ in the developed world, had doubled to more than 11,000 pages. This trend needed to be reversed and the intention was for the OTS to play an important part in making the tax system work better for the taxpayer.

Judith Millar, Partner in our private wealth team, discusses the background, aims and impact of the OTS ahead of an upcoming review of its effectiveness in an article for Bloomberg Tax.

The full article is available, here.