Tuesday 21st July 2015
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(9 years, 5 months ago)
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The Financial Secretary to the Treasury (Mr David Gauke)
The Office of Tax Simplification (OTS) has been established today on a permanent basis as an independent Office of the Treasury.
The OTS was established as a temporary Office of the Treasury in 2010 to advise the Chancellor on options for addressing existing complexity in the tax system. It will be established on a statutory basis in Finance Bill 2016, as announced at summer Budget 2015.
A new framework document setting out the structure within which the OTS will operate has been published on the OTS website today, alongside terms of reference for two upcoming reviews.
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