3rd Report - Inheritance tax measures: unused pension funds and agricultural and business property reliefs

Summary written by Accountability Index from the government's response. It is not the government's own words.

The Government has "accepted 9 recommendations and partially accepted a further 31 recommendations" from the Sub-Committee's report, and does not accept others, including those on payment deadlines.

• It does not accept the recommendations to extend the IHT payment deadline to 12 months or to suspend late payment interest, saying it "does not intend to change the existing, longstanding deadlines which ensure tax is collected quickly and efficiently".
• On pensions information sharing, it accepts the recommendation on pro forma documents and says it will "publish, consult on and lay regulations later this year", with guidance and tools in time for April 2027.
• It does not accept the recommendations on the Pensions Dashboard. It says dashboards will only launch when "safe, secure and have been properly user tested", and personal representatives will not be able to search them in the initial iteration.
• On the tax policy making principles, it accepts the recommendation to set out steps to keep them under review. It does not accept a presumption of formal public consultation or a separate formal review after the 2026 Budget.

Read the government's response ↗ Report an error