'Has become a distraction from our overriding mission'
The government’s much-awaited ‘Tax Day’ was met with little fanfare as predictions of cuts to higher-rate tax relief again failed to materialise.
Transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) are down for the second tax year in a row - to 9,700 transfers worth £1.22bn in 2016/17 - according to HM Revenue & Customs data.