Tax simplification

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OTS consults on simplifying tax for self-employed The Office of Tax Simplification (OTS) is reviewing tax reporting and payment arrangements amid concerns that the rise of the gig economy has left the self-employed struggling with tax compliance. The OTS said that it was looking to explore “options for information reporting or payment of tax to take place closer to real time” after self-employed people said they would like the option to report information and pay tax periodically, or on the completion of jobs.

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