Budget 2011 – Withdrawal of redundant reliefs
As part of the process of simplifying tax law, legislation is being removed for various reliefs that have not been claimable for five years or more. The Government do not expect businesses or individuals to be affected by the withdrawal of the reliefs as the underlying legislation is now obsolete or redundant.
The redundant reliefs relate to the following:
- Charities: Transitional Relief on Distributions
- Millennium Gift Aid
- Payroll Giving Supplement
- National Savings Bank Ordinary Account Interest
- Stamp Duty