Treasury Committee criticises disbanding of Office for Tax Simplification

In a report released today (16 June), the committee argued for greater accountability of government efforts to simplify the tax system. It noted there were over 1,180 separate tax reliefs in existence, as well as a variety of ‘cliff edges' within the tax system, meaning the government should further prioritise its simplification. "The UK's overcomplicated tax system is an obstacle to economic dynamism, creating compliance burdens, confusion and disincentives to work or grow a business," the report said. Treasury Committee calls for rationale behind Office of Tax Simplification cl...