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Tax Allowances

Asked by Mr Richard HoldenConservativeTreasuryTabled Answered 17 January 2025UIN 22999

The question

To ask the Chancellor of the Exchequer, what her Department’s definition of a tax break is.

Answered by James Murray

‘Tax breaks’ are commonly understood to be policies that mean taxpayers either pay less tax through exemptions or deductions, or get tax back through credits or repaid in another way.

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