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.