Mr. Paul Ginnell:

There are a range of tax expenditures, some of which have come to light recently. It is about how they are implemented, looked at and assessed. There has been a move in the context of property tax reliefs to look at assessing their value, how they are used, who benefits and so on. There is quite a bit of work to be done to understand all the reliefs that exist and how they are assessed.

With regard to pension tax relief, currently people can claim 41% relief. If that was standardised at the lower rate, it would be more equitable. There are specific areas in which people can benefit still from tax reliefs that recognise need and make them more equitable and progressive than how they are currently implemented.