Office of Tax Simplification seeks input on VAT reforms

The UK’s VAT regime is showing its age as business practices have evolved, but consultations with businesses have identified several possible improvements to make the system ready for “tomorrow with all its digital possibilities,” according to the Office of Tax Simplification.

The OTS has invited input from business and tax advisers by June 30 on eight aspects of VAT where changes might bring simplification. Read more:

My news story for Tax Analysts, 1 March (paywall)

OTS: Review of VAT