Tax Day is a dud! Govt ignores reforms to pensions and CGT

No change to pension tax relief

Tom Ellis
clock • 5 min read

March 23 has been an important day in the diary for weeks as the government singled it out this particular Tuesday as the day it would release a number of key tax-related consultations not published alongside the Budget earlier this month.

However, so-called Tax Day has turned out to be a relatively tame affair for personal finance, with the Treasury ignoring key reforms that have been in the firing line and subject to previous consultations: pensions tax relief, inheritance tax and capital gains tax.  It has published a consultation seeking to raise standards in the tax advice market, which will seek views on the definition of tax advice and a requirement to make professional indemnity insurance compulsory for all tax advisers, "with a view to improving tax advice and providing taxpayers with better access to redress wher...

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