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

Cost £38bn in 2018/19

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