| A series of roadshows
organised by the Office of Tax
Simplification (OTS) has highlighted key
areas of small business taxation that
those affected say need to be reviewed or
simplified. More than 40 OTS roadshows
took place across the UK over the last
three months, in locations ranging from
Aberdeen to Southampton and Belfast to
Cambridge, to give businesses, the public,
accountants and tax agents an opportunity
to air their views on how the UK tax
regime could be simplified. Common issues
identified included:
- the volume and frequency of change
- the difficulties caused by different
rules for income tax and national
insurance
- IR35 and problems over the dividing
line between employment and
self-employment.
John Whiting, tax director for the
Office of Tax Simplification said: “Some
points we had already identified, but
others provided real food for thought –
it’s important we consider all ways to
making taxation for small businesses in
particular a little easier.”
The OTS started work in September last
year, initially looking at simplifying tax
reliefs and small business taxation. It
will report to Chancellor George Osborne
in advance of the 2011 Budget, which takes
place on 23 March.
LINK:
Office of Tax Simplification |
