UK Treasury to Take Tax Simplification Task In-House

The government confirmed in the Spring budget on Wednesday it will simplify the tax system without delegating the mandate to another department.

Officials were given a mandate to simplify tax policy design and existing rules following the closure of the Office of Tax Simplification. The Spring budget proposes to identify problem areas by consulting with tax professionals and business organizations.

• The budget announced a consultation to expand the “cash basis,” a simplified way for over four million traders to calculate and pay income tax.
• It also proposes an Annual Investment Allowance to small businesses ...