§ Mr. Peter Fraser
asked the Chancellor of the Exchequer what arrangements are being made for the publication of a collected version of the oil taxation Acts.
§ Mr. Peter Rees
The Inland Revenue is today publishing a book containing the collected oil taxation Acts and some related provisions, up to and including those in the Finance Act 1980. The form follows that adopted for other tax legislation by the "Taxes Acts", that is to say, textual amendments to the legislation, with footnotes giving the reference to the amending enactment and, where necessary, the previous wording. Footnotes also indicate where an enactment has been modified without specific amendment of the original words. I hope that publication of this book now will facilitate consideration of the oil taxation provisions in the current Finance Bill.