Licensees could enjoy some respite in regulation, taxes and red tape following the Government's appointment of an Office of Tax Simplification (OTS).
Chancellor George Osborne has appointed a board of tax experts to take care of the OTS including new chairman Michael Jack and John Whiting, now tax director.
The board will identify areas in the tax system that can be simplified, drawing on advice from tax and legal experts, and present their findings to Osborne.
Areas of focus will be tax reliefs, published to Osborne in late autumn, and small business tax simplification, which will be published by the 2011 Budget.
"The previous Government took a complex tax system and made it even worse," said Osborne. "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.
"Simpler, more competitive taxes will help us show the world that Britain is open for business."