The Office for Tax Simplification has been created by the government to make things clearer for individuals and businesses.

Total Back Office Solutions can help you with your recruitment agency invoice financing

People looking into agency invoice financing in the hope of setting up a recruitment company are set to benefit from new measures announced by the government.

The Treasury has announced the establishment of the Office for Tax Simplification, which is aimed at handling tax reliefs and making life for small business easier with the streamlining of tax.

A board of tax experts who will be responsible for leading the work of the office over the next year will identify areas where complexities in the tax system can be reduced.

Commenting on the development, chancellor George Osborne said: "The previous government took a complex tax system and made it even worse.

"A decade of meddling and intervening has made the tax affairs of millions of families and businesses across the UK extremely complicated. We need to sort out this mess."

Recruiters who set up an agency can enlist the help of professionals by outsourcing back office requirements such as invoice financing, timesheet management and payroll management.