OTS calling for more streamlined tax payment regime

The independent Office of Tax Simplification (OTS) wants HMRC to make it simpler for self-employed people and landlords to meet their tax obligations.

It has just published a report containing three recommendations focusing on areas for further, more detailed, work concerning:


● the potential for HMRC to offer a fully integrated individual tax account, providing an end-to-end tax reporting and payment service.
● the role of those third parties who play a significant role in relation to a group of taxpayers, and who would have sufficient information to enable effective third-party reporting.
● which types of self-employment business or rental business would most benefit from being able to report data periodically and pay tax through an integrated individual tax account.

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