Our governance
The OTS
The OTS was set up on 20 July 2010 and made a permanent independent Office of HM Treasury on 21 July 2015. It was then placed on a statutory basis in sections 184 to 189 of, and Schedule 25 to, Finance Act 2016, which came into effect as from 28 November 2016 by virtue of Statutory Instrument 2016/113.
The sets out some key aspects of how the OTS operates within the framework provided by the legislation.
The OTS board is led by an independent Chair and Tax Director and has up to eight further members, supported by a team drawn from the civil service and the private sector.
The board
The Chair and Tax Director are responsible to Ministers for the office鈥檚 work, including the content of its reports.
Two other members of the board are appointed from HM Treasury and HMRC. Up to six further members with relevant knowledge or experience can be appointed to the board.
The board, or its members, may be required to appear before the relevant Parliamentary committees to discuss the contents of the office鈥檚 reports.
The board is responsible for taking forward the strategic aims and objectives of the office. It meets regularly throughout the year; its minutes are published below.
The team
The board is supported by a small team, led by the OTS Head of Office, which supports the board in carrying out its duties and in carrying out the day to day work of the Office.
The team, of 6-10 people or full time equivalents, is made up of a mix of full and part time staff drawn from HM Treasury, HMRC and the private sector.
The Head of Office is James Konya.