Finance Act 2016

186 Functions 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.