A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to ‘address long-standing concerns about the experience of tax for smaller businesses’. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas:
- providing simple step-by-step guidance about the key things a business needs to do in its early days to help things run smoothly
- improving the operation of the PAYE system
- implementation of HMRC’s Agents Strategy
- improving the mechanics of the Corporation Tax return process
- ensuring that tax changes are built on an understanding of business processes.
Internet link: GOV.UK simplifying tax
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