Tax Reliefs

Treasury Committee Closed Inquiry
Opened: 21 Jul 2022 Closed: 16 Jan 2024 Parliament page
In this inquiry, the Treasury Committee will examine the tax reliefs available to both individuals and businesses, with a focus on the overall impact of tax reliefs on the UK economy. Read the call for evidence to find out more about the inquiry
6 Recommendations
4 Conclusions
1 Report
7 Letters
4 Events
Activity timeline 13 events
18 Oct
2023
Report published
26 Jul
2023
Report published
13 Jul
2023
Correspondence
13 Jul
2023
Correspondence
12 Jul
2023
Correspondence
12 Jul
2023
Correspondence
14 Jun
2023
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
17 May
2023
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
29 Mar
2023
Correspondence
13 Mar
2023
Correspondence
13 Mar
2023
Correspondence
1 Mar
2023
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
Title HC No. Published Items Response
Twentieth Report - Tax Reliefs HC 723 26 Jul 2023 10 Responded
Recommendations & Conclusions
1 result
Clear
3 Conclusion Acknowledged
Twentieth Report - Tax Reliefs
Lack of adequate data and scrutiny for tax reliefs hinders policymaking and accountability.
Tax reliefs account for considerable reduction in tax revenue. They require adequate data to be collected and published to inform proper policymaking or accountability. However, the evidence shows that this is not happening. The disparity between scrutiny of tax reliefs … Read more
Government Response
The government agrees on the importance of collecting and publishing data on tax reliefs, stating that HMRC already provides extensive costings and evaluations. It commits to expanding these where possible, while also explaining limitations regarding structural reliefs and taxpayer burdens.
HM Treasury
View details
Government Response AI assessment · 10 of 6 classified
Accepted 2
Acknowledged 1
Rejected 7
Total 6 recs + 4 conclusions
Correspondence 7 letters
13 Jul 2023 Correspondence from the Director General, Customer Strategy and Tax Design, HM Revenue and Customs, relating to oral evidence provided to the Committee on 17 May, dated 7 June
Parliament page
13 Jul 2023 Correspondence from the Director General, Customer Strategy and Tax Design, HM Revenue and Customs, relating to tax relief evaluation, dated 31 May
Parliament page
12 Jul 2023 To committee Letter from the Chair to the Financial Secretary and Economic Secretary to the Treasury relating to Tax Reliefs, dated 21 June
Parliament page
12 Jul 2023 To committee Letter from the Financial Secretary and Economic Secretary to the Treasury to the Chair relating to Tax Reliefs, dated 30 June
Parliament page
29 Mar 2023 Correspondence from the Chancellor of the Exchequer, relating to the Office of Tax Simplification, dated 20 March
Parliament page
13 Mar 2023 Correspondence from the Chair to the Chancellor, relating to the Office of Tax Simplification, dated 2 March
Parliament page
13 Mar 2023 Correspondence from the Office of Tax Simplification relating to the session on Tax Reliefs on 1 March, dated 7 March
Parliament page