OFFICE OF TAX SIMPLIFICATION – CUTTING CORE RELIEFS?
DECEMBER 21ST 2010 | 03:15 TAGS:
Who would have guessed that the Office of Tax Simplification (OTS) set up by the Government in July 2010 to remove reliefs which:
- Were largely historic,
- Were not frequently used;
- Create distortions in the tax system; or
- Are used by a number of taxpayers but that are complex for business and/or HMRC to administer
would be advocating the removal of some core reliefs which Wills, Probate and Trusts practitioners might have regarded as sacrosanct.
To continue reading this item, you need to subscribe. Click here to find out about the benefits of a subscription to LawSkills
