This Content Was Last Updated on February 9, 2017 by


HMRC are consulting on the removal of 36 tax reliefs as part of a simplification process – of course, you could argue that simplification would mean increasing tax reliefs but, of course, thats not the way of things, is it?

The consultation is here:

The reliefs being abolished are unlikely to impact on a typical client of our firm, but for the record the reliefs are:

1. Payments to mariners to be disregarded for Class 1 NICs

2. Grants for giving up agricultural land

3. Pool betting duty payments related to safety improvement at football grounds or for the arts

4. Mineral royalties

5. Cycle to work days – provision of meals

6. Late night taxis

7. Luncheon vouchers

8. Pools payment for football ground improvements

9. Pools payment for support for games

10. Disregard for certain apprentices and students coming to the UK

11. Assistance in identifying lost or stolen credit cards

12. Nationalisation schemes

13. Tax reserve certificates issued by HM Treasury

14. Payments for the benefit of family members

15. Class 1A -Exemption for prescribed general earnings

16. Class 4 – Allows deduction in next tax year of losses incurred in 89/90 or previous tax year where losses from income other than trade or profession or vocation

17. Deeply discounted securities -incidental expenses

18. Life assurance premium relief

19. Life assurance premiums paid by employers under E-FRBS

20. Capital allowances -flat conversion allowances

21. Capital allowances -safety at sports grounds

22. Certain leases granted by registered social landlords

23. Disadvantaged area relief (Stamp duty)

24. Exempt Instruments

25. Partial relief for company acquisitions

26. Shared ownership transactions

27. Transfers to registered social landlords

28. Visiting forces and allied headquarters

29. Disadvantaged area relief (Stamp duty land tax)

30. Angostura bitters

31. Black beer

32. Land remediation relief

33. Compensation for mis-sold pensions

34. Harbour authorities

35. Harbour reorganisation schemes

36. Transfers in relation to harbour reorganisation schemes