Responding to the Public Accounts Committee inquiry
into the management of tax reliefs, the CIOT
endorses the National Audit Office’s conclusion that ‘more needs to be done to
monitor the use and impact of tax reliefs’. The CIOT
notes the mismatch between the ‘significant effort in government that goes
into new tax measures’ and the ‘almost total lack of attention ... as to how
effective those measures prove over time’ and suggests that more
post-implementation reviews should be undertaken, either by HMRC or
independently of government.
Responding to the Public Accounts Committee inquiry
into the management of tax reliefs, the CIOT
endorses the National Audit Office’s conclusion that ‘more needs to be done to
monitor the use and impact of tax reliefs’. The CIOT
notes the mismatch between the ‘significant effort in government that goes
into new tax measures’ and the ‘almost total lack of attention ... as to how
effective those measures prove over time’ and suggests that more
post-implementation reviews should be undertaken, either by HMRC or
independently of government.
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