Office of Tax Simplification consults on radical capital allowances reform

Uncertainty regarding the scope of capital allowances rules that occupy 500 pages of UK tax legislation is a major source of complexity, the Office of Tax Simplification (OTS) said as it issued a call for evidence on tax relief for the cost of tangible business assets. Capital allowances were flagged as an area of complexity … Continue reading Office of Tax Simplification consults on radical capital allowances reform