Tax reliefs

 


The House of Commons Public Accounts Committee (PAC) has published a report that looks at Management of Tax Reliefs. In it the PAC argues that the Government knows too little about the tax reliefs it provides: whether they work, or offer value for money, or even how much they actually cost.

The Public Accounts Committee held a session on the Management of Tax Reliefs with officials from the Treasury and HMRC last week. The MPs also used the session to question the officials on the COVID-19 support schemes.

The Chartered Institute of Taxation (CIOT) welcomes the Public Accounts Committee opening a new inquiry into the UK’s management of ‘tax expenditures’ tax reliefs.1