The Office of Tax Simplification (OTS) has published a progress report on its current review of the corporation tax computation, for which terms of reference were published in May 2016. Having identified a number of areas where potential exists for simplification, the OTS now invites comments on these areas for the second phase of its work. Emerging themes so far identified are:
The OTS would like to hear from companies, advisers and others about whether these themes are the most relevant and beneficial areas to focus on, and proposals for any other areas deserving of attention.
Responses should be sent by the end of 2016, if possible. The final report and recommendations are due to be published before Budget 2017.
The Office of Tax Simplification (OTS) has published a progress report on its current review of the corporation tax computation, for which terms of reference were published in May 2016. Having identified a number of areas where potential exists for simplification, the OTS now invites comments on these areas for the second phase of its work. Emerging themes so far identified are:
The OTS would like to hear from companies, advisers and others about whether these themes are the most relevant and beneficial areas to focus on, and proposals for any other areas deserving of attention.
Responses should be sent by the end of 2016, if possible. The final report and recommendations are due to be published before Budget 2017.