Government announces closure of Office of Tax Simplification

The Chancellor announced today as part of the fiscal event that the Office of Tax Simplification will be closed.  

The Chancellor’s statement is part of The Growth Plan 2022.  As the Office of Tax Simplification is a statutory body, this closure will take effect when the next Finance Bill receives Royal Assent. 

The Office expects to publish its report on the taxation of Property Income in October.  The Office will continue to gather evidence on its Hybrid and distance working review.