The UK Treasury should report on the environmental impact of each of its tax measures from now on as part of the massive effort needed by the Government to ensure the UK meets its ‘net zero’ 2050 target, the Chartered Institute of Taxation (CIOT) has said.
The UK government publishes Tax information and impact notes (TIINs) to explain policy objectives together with details of the impact of a tax policy on the Exchequer, the economy, individuals, households and families, business and civil society organisations, equalities, HMRC and other parts of government, and any other impact.
Occasionally wider environmental im...