UK Treasury rejects call to evaluate pension tax reliefs

Now is not the right time for a formal evaluation of pension tax reliefs, the UK government said in response to a report calling for a “step change” in the administration and understanding of reliefs. HM Revenue & Customs does not understand the impact of “any of the largest tax reliefs, including reliefs on pensionsContinue reading “UK Treasury rejects call to evaluate pension tax reliefs”

Tolley’s Tax Digest: Tax compliance update

Tolley published in August my fourth tax compliance update since 2016. This 42-page digest draws together and summarises recent tax compliance-related legislation and guidance, and includes: summaries of the key compliance-related draft clauses for Finance Bill 2021 and the government’s proposed reform of tax administration; details of the new regime for taxation and recovery ofContinue reading “Tolley’s Tax Digest: Tax compliance update”