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Office of Tax Simplification Room G 41 1 Horse Guards Road London SW1A 2HQTAX RELIEF FOR TANGIBLE FIXED ASSETS USING ACCOUNTS DEPRECIATION Introduction During the Otis recent corporation tax computation
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The Office of Tax Simplification (OTS) is an independent office of HM Treasury which provides advice to the Chancellor on simplifying the UK tax system.
The OTS itself does not need to be filled out by taxpayers. It is a body that provides advice to the government on tax simplification.
There is no specific form or process for individuals or businesses to fill out the OTS. It is a report prepared by the OTS for the Chancellor.
The purpose of the OTS is to review the UK tax system and make recommendations to simplify it, aiming to reduce complexity and ensure taxes are easier to understand and comply with.
The OTS report will typically include recommendations for simplifying specific areas of the tax system, based on research and consultation.
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