Death, taxes and childbirth

Bill Dodwell considers the Office of Tax Simplification’s report on Taxation and Life Events

“Death, taxes and childbirth! There’s never any convenient time for any of them.” So starts the latest report from the Office of Tax Simplification (OTS) on Taxation and Life Events, recalling Scarlett O’Hara in Gone with the Wind. This report looks at occasions within an individual’s life where tax may prove particularly complicated – and makes recommendations for simplification. It’s thought that this is the first time a report has looked at a range of possible tax issues through life.