Subscribe to our newsletter

MPs to scrutinise £155bn of tax reliefs

The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of ‘tax expenditures’, after a National Audit Office (NAO) report identified over 300 such tax interventions, at a cost of £155bn a year.

MPs to scrutinise £155bn of tax reliefs
smsfadviser logo
MPs to scrutinise £155bn of tax reliefs
  • Shared by Accountancy Daily
  • June 02, 2020
share this article

These non-structural tax reliefs typically reflect a policy choice aimed at a specific group or sector, or are designed to incentivise certain behaviours, and include options such as tax credits for companies’ research and development costs, or income tax relief on pension contributions.

Read more at the Accountancy Daily

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles