Commenting on the creation of the Office for Tax Simplification (OTS), David Frost, Director General of the British Chambers of Commerce, said:
"The creation of the OTS is a necessary and long overdue response to the relentless chop and change of tax law. The business community, and the economy, will benefit from the recently announced lower rates of tax, and now from the drive towards a simpler system.
"It is entirely right for the OTS to concentrate its initial work on small business. Complying with an ever expanding and complicated tax code only succeeds in taking resources away from core business activity, and subsequently growth and wealth creation. The government needs to continue with measures that foster entrepreneurship in order to secure a sustainable economic recovery.”