OTS launches consultation on impact of taxation on UK firms

11 Oct 2018

The Office of Tax Simplification (OTS) has launched a new call for evidence, seeking views in regard to the impact of taxation on UK businesses.

The call for evidence comes following the OTS's April publication of a report which examined how the UK tax system affects firms at each of the key stages of their development, from start-up through to succession planning.

As part of the new review, the OTS stated that it is interested in the 'everyday experience of business owners and managers as they engage with tax' throughout the lifecycle of their firm.

The call for evidence will also consider the usefulness of HMRC's tax guidance, and analyse how the Revenue's administrative processes function.

Smaller businesses and the self-employed are the focus of the new call for evidence, the OTS said. It revealed that it wants to hear from firms and professional advisers in regard to 'which parts of the tax system are particularly complex', alongside suggestions for improvements.

The call for evidence can be found here: the deadline for responses is 7 December 2018. The OTS expects to publish its findings in the Spring of 2019.

Have we convinced you yet?

Please feel free to get in touch via phone, email or our quick contact form.

We offer initial free consultations – simply contact us to find out more.


ICAEW Chartered Accountants logo Sage logo chichester chamber of commerce and industry logo
Copyright

© 2018 James Todd & Co. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact us

Please call:
01243 776938
Lavant and Chichester
01273 470123
Lewes

Address
James Todd & Co, 1/2 The Barn, Oldwick, West Stoke Road, Chichester PO18 9AA
James Todd & Co, 16 Northgate, Chichester PO19 1BJ
James Todd & Co formerly known as Axtons, The Mews, St Nicholas Lane, Lewes, East Sussex BN7 2JZ

James Todd & Co is the trading name of James Todd & Co Limited. Chartered Accountants and Registered Auditors. Registered No: 07350649 in England. VAT No. 322087875. ICAEW Firm Reference No: C002730145 and James Todd & Co (Lewes) Ltd (formerly known as Axtons). Chartered Accountants. Registered No: 11214467 in England. VAT No. 290460506. ICAEW Firm Reference No: C005791297

Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details of our audit registration can be viewed at www.auditregister.org.uk

Details of our Designated Professional Body (DPB) activities can be viewed at register.fca.org.uk. A member of the ICAEW Practice Assurance Scheme.