{"id":44309,"date":"2014-06-27T11:52:46","date_gmt":"2014-06-27T11:52:46","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=9e9111d7bbc00bf3a40c98ce6349ba97"},"modified":"2014-06-27T11:52:46","modified_gmt":"2014-06-27T11:52:46","slug":"poorly-managed-reliefs-open-to-abuse-warns-pac","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=44309","title":{"rendered":"\u201cPoorly managed\u201d reliefs open to abuse, warns PAC"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>The UK\u2019s 1,100-plus reliefs are a \u201cpoorly managed\u201d part of the tax system and continue to grow in number, creating opportunities for misuse, MPs have warned.<\/p>\n<p>&#13;<\/p>\n<p>A new report from the Commons\u2019 public affairs committee (PAC) highlights a \u201clack of transparency and accountability for tax reliefs and no adequate system of control\u201d, partly as the result of the Treasury\u2019s failure to follow up on its pledge to develop a framework for the introduction of new breaks \u2013 which the PAC insists should be introduced only when there is a \u201cstrong and proven case\u201d in favour.<\/p>\n<p>&#13;<\/p>\n<p>\u201cTax reliefs are a substantial, complex and poorly managed element of the tax system,\u201d says the MPs\u2019 document, which &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>The UK&rsquo;s 1,100-plus reliefs are a &ldquo;poorly managed&rdquo; part of the tax system and continue to grow in number, creating opportunities for misuse, MPs have warned.<\/p>\n<p>A new report from the Commons&rsquo; public affairs committee (PAC) highlights a &ldquo;lack of transparency and accountability for tax reliefs and no adequate system of control&rdquo;, partly as the result of the Treasury&rsquo;s failure to follow up on its pledge to develop a framework for the introduction of new breaks &ndash; which the PAC insists should be introduced only when there is a &ldquo;strong and proven case&rdquo; in favour.<\/p>\n<p>&ldquo;Tax reliefs are a substantial, complex and poorly managed element of the tax system,&rdquo; says the MPs&rsquo; document, which &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/44309"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44309"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/44309\/revisions"}],"predecessor-version":[{"id":44396,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/44309\/revisions\/44396"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}