“If she will make an assessment of the potential merits of undertaking a zero-based review of all tax reliefs before the Autumn Budget 2025.”
Asked by
Bobby Dean
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Exchequer Secretary to the Treasury (Dan Tomlinson)
Tax reliefs are an important feature of the UK tax system, and His Majesty’s Revenue and Customs has invested significant resources in improving understanding of their cost and effectiveness. Since 2019, it has produced costings for 350 reliefs, including detailed analysis of the 38 largest non-structural reliefs, which cost more than £500 million a year.