Wednesday, November 17, 2010

Refusing to take a long term view?

During his speech at the ICAEW's Hardman lecture last night David Gauke, Exchequer Secretary to the Treasury commented on the list of over 1,000 tax reliefs so far identified by the Office for Tax Simplification.
"Who'd have thought there were that many. And now we need to consider whether we need to keep them all."
David continued:
"Among those reliefs is Millenium Gift Aid. I'm all for taking a long term view, but do we really need a relief that won't be relevant again for another 990 years?!"
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