Full review of tax reliefs would impose uncertainty, says FST

The government has responded to the Treasury Committee’s call for a wholesale review of tax reliefs. In the summer, a Treasury Committee report concluded that a “comprehensive and systematic” review of all tax reliefs is needed to identify opportunities for simplification.  Responding to that report, the Financial Secretary to the Treasury (FST), Victoria Atkins, states that […]

ICAEW highlights uncertainty in tax on environmental schemes

Responding to HMRC’s consultation on environmental land management schemes and ecosystem service markets, the Tax Faculty emphasises that any tax reliefs or incentives must be part of a coherent wider strategy. In ICAEW REP 55/23, ICAEW’s Tax Faculty notes that there is a lot of uncertainty regarding the application of existing tax rules to environmental […]