Office of Tax Simplification OTS
The Office of Tax Simplification (OTS) is an independent adviser to the Government. The OTS was first established in July 2010 and became a permanent independent office of HM Treasury in July 2015. As part of the Finance Act 2016, it came into full effect through Statutory Instrument 2016/113.
The purpose of the OTS is to offer recommendations and advice to the Chancellor about how to make the UK tax system simpler for individuals and smaller businesses. This information is provided to the Chancellor by request, but it can also be offered if and when the OTS feels it is suitable.
The OTS also prepares and publishes a report on the performance of its functions in each financial year.
Ref https://www.gov.uk/government/organisations/office-of-tax-simplification/about
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.