‘Radical overhauls’ of various bits of the tax rules are proposed as often as their ’simplification’. In most cases, by the time they’ve been through committees of civil servants and other reality checks, nothing much changes and very little is ever simplified. This time, however, he has a whacking majority and, assuming he still has a job after the forthcoming reshuffle, Saj may make some real changes. In a couple of years time.
“Why most won’t need to worry about IHT on pensions”
Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.
