Tax Allowances

(asked on 9th January 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what her Department’s definition of a tax break is.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 17th January 2025

‘Tax breaks’ are commonly understood to be policies that mean taxpayers either pay less tax through exemptions or deductions, or get tax back through credits or repaid in another way.

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