OTS publishes interim paper on review of Value Added Tax
OTS publishes a progress report on its VAT review and makes a call for further evidence.
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Following the announcement at Autumn Statement that the Office of Tax Simplification (OTS) had been asked to carry out a review on the simplification of VAT, today we have published our interim report and call for evidence following the completion of the first phase of work.
The report contains a number of areas of complexity that have been identified during the initial phase and also lists a number of questions to be addressed during the next phase of work.
If, on reading the report you feel that you would like to contribute to the next stage of the review, we would welcome help in the following areas to develop ideas on how to create a sustainable VAT system for the future.
- Evidence of how the areas identified in the report cause difficulties and complexities (quantified if possible)
- Ideas for how to improve matters
- Identify any areas for simplification that we have missed
As always we welcome submissions and comments from interested parties in response to our paper, irrespective of whether they address some or all of the questions raised and we are also happy to meet with businesses and organisations in person to obtain your views.
If you would like to submit a response or speak to the project team, you can do so by contacting us. We would be grateful if all submissions and requests for meetings are made by 30 June 2017.