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Potential OTS review to simplify computation of CT

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Financial secretary David Gauke has written to the Office of Tax Simplification (OTS) amplifying the announcements in the 2016 Budget about the OTS. The letter (see gives updates on some previous OTS recommendations, including class 2 NICs and termination payments and an initial response to the recent report on the closer alignment of income tax and NICs. The letter also discusses the OTS’s role in the Business tax roadmap and a potential new OTS project on simplifying the computation of corporation tax.