The OTS has carried out a review of 79 previous recommendations and provides an update.
The areas looked at are:
Employment Status
Employee benefits and expenses
Competitiveness Report
Partnerships
Tax reliefs
Penalties
Unapproved share schemes
Pensioners project
Reliefs (separate exercise for the Financial Secretary to the Treasury)
Recommendations relating to VAT will be covered in more detail during the OTS’s VAT review. The Heritage Alliance is meeting the OTS to flag the sector’s concerns in relation to VAT to feed into this work.
The OTS has also published its first annual report . The report, a feature of its new statutory footing, also covers the period since it was set up on an informal basis in July 2010. To date, the OTS has made over 450 recommendations, with over half accepted and another quarter remaining under consideration.