London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

PAC future plans

Following its report on tax relief the PAC has continued its plans to look at how HMRC and The Treasury have addressed its concerns on tax relief, in particular, what they have done to:

  • Define and establish clear accountabilities, and deliver on commitments to develop and introduce a framework for effective assessment, management and reporting of tax reliefs.
  • Provide proportionate feedback and analysis to Parliament, on the costs of principal tax reliefs each year, including significant changes in costs.
  • Define which reliefs are tax expenditures, and improve the management, evaluation and reporting on the performance of tax expenditures.
  • Report regularly on the development of new tax avoidance products and the action being taken to mitigate impact.
  • Develop stronger checks and balances, to guard against the increasing complexity which is created by adding continually more reliefs.
  • Dedicate sufficient resources to implement the policy to simplify the tax system.
  • Analyse and report clearly why cost increases have occurred.










Date: 14th July, 2014
Author: Cathy Corns


Articles from this Author

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

25th October, 2017
R&D changes see 22% increase in claims by SMEs

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Disruption in distribution click on the link to read how Corporate Advisory Partner, Henry……

Vendor assistance and vendor due diligence click on the link to read Corporate Finance Dire……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn