Consultation on the abolition of 36 tax reliefs - LITRG response
In general, we welcome moves which simplify the tax system. Most of the proposals in the current consultation either seem to achieve that or fall outside LITRG’s area of interest.
We have therefore commented on only those reliefs where we are concerned that abolition might result in adverse impacts or be counter-productive in terms of broader government policy.
- retaining the relief for late-night taxis and failed car-sharing arrangements, unless there is strong evidence to support the rationale for its abolition outlined in the consultation document
- retaining life assurance premium relief, to be reviewed again in, say, five years’ time
- that further work and research is carried out regarding the relief for mis-sold pensions compensation prior to deciding on its abolition.
To see the full LITRG response, please use the link below:
Contact: Kelly Sizer (please use form at http://www.litrg.org.uk/ContactUs)