Select Committee · Treasury Committee

Tax Reliefs

Status: Closed Opened: 21 Jul 2022 Closed: 16 Jan 2024 6 recommendations 4 conclusions 1 report

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

Clear

Reports

1 report
Title HC No. Published Items Response
Twentieth Report - Tax Reliefs HC 723 26 Jul 2023 10 Responded

Recommendations & Conclusions

7 items
2 Recommendation Twentieth Report - Tax Reliefs Rejected

Undertake comprehensive review of existing tax reliefs for simplification and ease of adherence.

We recommend that the Government undertake a comprehensive and systematic review of existing tax reliefs to look for opportunities for simplification. In doing so, they should in particular look for ways of making it easier for taxpayers to adhere to the rules.

Government response. The government rejects the recommendation for a comprehensive and systematic review of tax reliefs, arguing it would not be an effective use of resources and would create significant uncertainty. It states it is already committed to simplifying the tax system …
HM Treasury
4 Recommendation Twentieth Report - Tax Reliefs Rejected

Publish cost data for all tax reliefs from the 2025/26 tax year onwards

There are 1,180 tax reliefs, but HMRC only publishes estimated cost data for 365, leaving 815 uncosted. We recommend HMRC publish cost data for all tax reliefs from the 2025/26 tax year onwards.

Government response. The government agrees on the importance of publishing tax relief data but rejects publishing cost data for all reliefs. It argues that for many structural reliefs, the data is unavailable or would impose disproportionate burdens on taxpayers, and highlights significant …
HM Treasury
5 Recommendation Twentieth Report - Tax Reliefs Rejected

Reclassify tax reliefs as Government expenditure to enable value for money assessments

We recommend the Treasury reclassify tax reliefs as Government expenditure. This would subject reliefs to established value for money assessment, leading to improved scrutiny and ultimately better policy.

Government response. The government rejects reclassifying tax reliefs as government expenditure, stating that existing parliamentary scrutiny and Green Book principles via the Joint Tax Relief Framework are sufficient, and such reclassification is unnecessary and inappropriate given the qualitative difference between tax and …
HM Treasury
6 Recommendation Twentieth Report - Tax Reliefs Rejected

Ensure relevant departments take responsibility for budgeting non-structural tax reliefs with Treasury oversight

We recommend that Government consider how to ensure that the relevant delivery department takes more responsibility for the budgeting for each non-structural tax relief, those designed to promote particular behaviours, in conjunction with the Treasury. This would be intended to promote increased Ministerial accountability and subject such reliefs to levels …

Government response. The government rejects the recommendation for delivery departments to take more responsibility for budgeting non-structural tax reliefs, stating that existing parliamentary scrutiny, Green Book principles, and the Joint Tax Relief Framework are sufficient, and that tax reliefs are qualitatively different …
HM Treasury
8 Conclusion Twentieth Report - Tax Reliefs Rejected

No routine process exists to identify and remove outdated tax reliefs from statute

Political pressure, including through lobbying, tends to promote both the creation of new tax reliefs and the retention of existing reliefs. Tax reliefs long detached from their original policy purpose clutter an ever more complex tax system. We are concerned that there is no routine within Government to identify and …

Government response. The government is already committed to simplifying the tax system and keeps all tax reliefs under review. They do not feel a review of the kind recommended by the Committee would be an effective use of limited resources, saying constant …
HM Treasury
9 Conclusion Twentieth Report - Tax Reliefs Rejected

Five-yearly reviews identified as optimal system to remove outdated tax reliefs

We have taken evidence on several options for seeking to remove outdated tax reliefs from the statute book. A “one in, one out” rule for tax reliefs would be a blunt instrument which could reduce flexibility in policy-making. Sunset clauses have their place, but tax relief expiry dates can act …

Government response. The government rejected the recommendation for a formal five-yearly review system for tax reliefs, stating it already keeps tax reliefs under review and that such a system would be an ineffective use of resources and create uncertainty for taxpayers.
HM Treasury
10 Recommendation Twentieth Report - Tax Reliefs Rejected

Institute five-yearly reviews with public consultation for tax reliefs, committing to remove ineffective ones

We recommend that the Government institutes a system of five-yearly reviews, incorporating public consultation, for tax reliefs. Where these reviews find tax reliefs which no longer achieve policy objectives, are vulnerable to abuse, or have estimated costs significantly higher than expectations, then the Government should commit to removing those reliefs. …

Government response. The government rejects instituting a system of five-yearly reviews for all tax reliefs, arguing that extensive existing monitoring by HMRC, annual Finance Bill processes, and previous evaluations already achieve the objective of scrutiny, and that the proposed system would create …
HM Treasury

Correspondence

7 letters
DateDirectionTitle
13 Jul 2023 Correspondence from the Director General, Customer Strategy and Tax Design, HM …
13 Jul 2023 Correspondence from the Director General, Customer Strategy and Tax Design, HM …
12 Jul 2023 To cttee Letter from the Chair to the Financial Secretary and Economic Secretary to the …
12 Jul 2023 To cttee Letter from the Financial Secretary and Economic Secretary to the Treasury to t…
29 Mar 2023 Correspondence from the Chancellor of the Exchequer, relating to the Office of …
13 Mar 2023 Correspondence from the Office of Tax Simplification relating to the session on…
13 Mar 2023 Correspondence from the Chair to the Chancellor, relating to the Office of Tax …