ARTICLE · 11 OCTOBER 2013

Weekly Tax Update – Monday 7 October 2013

Smith & Williamson

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The Office of Tax Simplification is carrying out a project to identify and measure the factors responsible for tax complexity.

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Smith & Williamson

1 General news

1.1 Definitions in tax legislation and their contribution to complexity

The Office of Tax Simplification is carrying out a project to identify and measure the factors responsible for tax complexity.

As part of this project, it has considered the definitions used in tax legislation and published its initial findings. The report identifies commons themes and considers some suggestions and guidelines for a 'good' definition. www.gov.uk/government/uploads/system/uploads/attachment_data/file/246081/ots_revie w_of_definitions_in_tax_legislation.pdf

1.2 ATED returns

The ATED return is an annual obligation, whether a relief applies or not. Where a property is within the charge and a relief applies, it is important a filing is made each year to claim the relief.

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