Consultation outcome

Delivering a cap on income tax relief

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Read the full outcome

Delivering a cap on income tax reliefs: a technical consultation: summary of responses

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Detail of outcome

Summary of responses to the consultation document.


Original consultation

Summary

Seeking views on a limit on currently uncapped income tax reliefs.

This consultation ran from
to

Consultation description

At Budget 2012 the Government announced a limit on currently uncapped income tax reliefs which will have effect from April 2013.

Tax reliefs exist for good reasons, to promote activities such as business investment, but it is unfair that reliefs can be used without limit to reduce tax liabilities. This measure will increase effective tax rates and help ensure that those with the highest incomes pay a fairer share.

The consultation document sets out the scope of the cap. The consultation invited comments on the implementation and delivery of the cap, including, in particular, responses to: how an individual’s income will be defined and calculated for the purposes of the cap; when the cap will apply; how reliefs will be ordered; and the operation of the cap through Income Tax Self Assessment (ITSA). The reliefs that will be capped are listed for information only.

Documents

Delivering a cap on income tax relief: a technical consultation (PDF 318KB)

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Written Ministerial Statement (PDF 17KB)

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Updates to this page

Published 13 July 2012

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