On 29 August 2017, UK HM Treasury published the government’s responses to the Office of Tax Simplification’s (OTS) reports on simplifying the computation of corporation tax and stamp duty on paper documents. The response letters are from Chancellor of the Exchequer Philip Hammond. Computation of Corporation Tax Key points of the response on recommendations for simplifying the computation of corporation tax are summarized as follows: With respect to minimizing the number of adjustments required to calculate taxable profits and aligning tax definitions with accounting definitions, the government agrees that the recommendation would simplify the regime for small companies and requests...