Chris Sanger, EY’s Head of Tax Policy, comments on the emergency Budget:
“The departure of the Office of Tax Simplification, a brainchild of the incoming Cameron administration, will leave a hole that the government may struggle to fill. The Government’s aspirations to embed simplification directly into the policy making process of HM Treasury and HM Revenue & Customs is worthy, but without a separate organisation to reinforce this need, there is a risk that simplification will be low on the list of priorities of policy makers.
“During its decade-long life, the OTS has prompted many policy discussions that would otherwise have been difficult to have, including on IR35. Following the abolition, many will be looking to government to continue to engage on the scope for reform, rather than having all such debate within the closed rooms of the Treasury.”