Coalition to simplify UK tax rules

Scott Sinclair
clock

The Chancellor will today unveil plans to reform Britain's tax system in a bid to reduce the burden of red tape on businesses and attract more international investment.

George Osborne will announce the Government is setting up an Office for Tax Simplification to analyse "potential reform options". The new body will look at all tax reliefs, allowances and exemptions and conduct a review of business taxation. It will be led by chairman Michael Jack and director John Whiting. David Gauke, the Exchequer secretary, is expected to say in a speech later: "The tax system created by the previous government was overly-complex and has made the tax affairs of millions of families and businesses across the UK extremely complicated. "We need to reduce the compl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read
Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read