Treasury will report annually on tax simplification progress

Following lobbying by MPs, Treasury officials will write to the Treasury Committee once a year with an update on progress on government efforts to simplify tax rules

This follows harsh criticism by members of the cross-party Treasury Committee about the decision to abolish the Office of Tax Simplification (OTS), announced by the one-time Chancellor Kwasi Kwarteng at the mini Budget last September and endorsed by Chancellor Jeremy Hunt at the Budget last November.

The OTS was responsible for reviewing tax rules and producing reports on simplification of tax rules. However, it is being abolished as part of the latest Finance Bill.

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