Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the (a) annual cost to the public purse and (b) efficacy of the tax relief introduced under the Finance Act 2013 relating to disincorporation.

HM Revenue and Customs routinely monitors the number and value of disincorporation relief claims made. The annual cost of the relief is negligible. The Government will continue to review the effectiveness of all tax reliefs.