HMRC 'doesn't understand' impact of pensions tax relief, say MPs

Cost £38bn in 2018/19

HMRC is being urged to publish data showing who is benefiting from pensions tax relief

HMRC is being urged to publish data showing who is benefiting from pensions tax relief

HM Revenue & Customs (HMRC) must evaluate the benefits that are provided by pensions tax relief, MPs have said amid concerns the tax office does not understand the impacts.

In a report published on 20 July, the Public Accounts Committee (PAC) said the government could not conclude whether the £38bn estimated immediate cost of pensions tax relief in 2018/19 was effective....

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