PART 12Office of Tax Simplification

I1186Functions of the OTS: reviews and reports

1

At the request of the Chancellor of the Exchequer, the OTS must conduct a review of an aspect of the tax system for the purpose of identifying whether, and if so how, that aspect of the tax system could be simplified.

2

The OTS must prepare a report—

a

setting out the results of the review, and

b

making such recommendations (if any) as the OTS consider appropriate.

3

The OTS must send a copy of the report to the Chancellor of the Exchequer.

4

The Chancellor of the Exchequer must—

a

publish the report, and

b

lay a copy of the report before Parliament.

5

The Chancellor of the Exchequer must prepare and publish a response to the report.