The Public Accounts Committee (PAC) has launched a new inquiry into the UK’s management of tax reliefs, focusing on ‘tax expenditures’ reliefs where the government opts not to collect tax in order to pursue social or economic objectives, such as tax credits for companies’ R&D costs and income tax relief on pensions contributions.
The Public Accounts Committee (PAC) has launched a new inquiry into the UK’s management of tax reliefs, focusing on ‘tax expenditures’ reliefs where the government opts not to collect tax in order to pursue social or economic objectives, such as tax credits for companies’ R&D costs and income tax relief on pensions contributions.