A peer has asked the Government what steps it has taken to ascertain the impact of the equalisation of capital gains tax (CGT) to income tax on entrepreneurs starting new businesses, after the move was suggested in an Office for Tax Simplification report in November.


The Chartered Institute of Taxation has welcomed a report by the Office of Tax Simplification (OTS)1 - written at the Chancellor’s request and published today - that highlights flaws with capital gains tax.

Paul Morton reflects on his time as Tax Director at the Office of Tax Simplification, suggesting that non-tax professionals and ordinary taxpayers should have more of an influence on the OTS’ work.