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UK tax raising report is a regular independent review, Sunak says

Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. REUTERS/John Sibley

LONDON (Reuters) - British finance minister Rishi Sunak said on Thursday a government report recommending a hike in capital gains tax to pay for the pandemic was part of a regular, independent review of taxes.

“The Office of Tax Simplification is independent from me, and as a matter of statue they review most major taxes on an annual basis,” Sunak told broadcasters.

“They’ve looked at income tax and inheritance tax in the past and this is just the latest in their line of reviews and I look forward to reading the report.”

Reporting by Guy Faulconbridge and Kate Holton

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