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UK Launches Review To Simplify Inheritance Tax Rules

by Jason Gorringe, Tax-News.com, London

03 May 2018


On April 27, 2018, the UK's Office of Tax Simplification launched a public consultation on measures to streamline and enhance the country's inheritance tax regime.

It has published a call for evidence and launched an online survey to gather information from taxpayers on their experiences and perceptions of the inheritance tax system.

The review will look at the the ease or complexity of the legislative rules and the processes that have to be followed.

Paul Morton, OTS Tax Director, said: "This call for evidence and survey will help inform our research into Inheritance Tax and the recommendations we make in our final report. We know that there is a great deal to consider and we want to explore this with the help of individual taxpayers, as well as professional advisers and representative groups."

"In a nutshell, while tax rates are for government, the role of the OTS is to challenge tax complexity and so help all users of the tax system, and so we hope to hear from as many individuals as possible. We are keen to hear both from those who have had some experience of dealing with Inheritance Tax and those who are concerned about it, but who may be unfamiliar with it."

The deadline for submissions is June 8, 2018.

TAGS: individuals | inheritance tax | tax | United Kingdom | tax rates | Tax

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