Oral Question·Department for Transport
“What assessment he has made of the effect of the UK leaving the EU on the rail industry.”
Tabled: 21 May 2018Answered: 24 May 2018
Answering Minister
the Secretary of State for Transport
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.