What role do headline tax rates (including the impacts of differing regional tax rates in devolved tax systems), reliefs, grants and tax system stability play in business investment decisions and economic growth, and what is the relative importance of each of these factors?

Background

The tax section concerns HM Treasury’s understanding and strategic oversight of business, environmental, transport, property, VAT, excise taxes and customs duties that together raise revenue of over £250 billion a year. This is vital to fund essential public services, while working to support the Government’s wider agenda – including building strong foundations from which to drive economic growth and make Britain a clean energy superpower.