§ Mr. CaplinTo ask the Chancellor of the Exchequer what further developments there have been on the Tax Law Rewrite project. [54877]
§ Dawn PrimaroloThe Tax Law Rewrite project aims to bring clarity to our direct tax legislation, making the law more accessible to taxpayers and their advisers. The Inland Revenue have today published the project's second Exposure Draft, containing draft clauses relating to savings and investment income of individuals and a detailed commentary. Numerous innovative techniques have been adopted; in particular, the rewritten legislation incorporates easier to understand language, a more logical structure and shorter sentences. Copies have been placed in the Libraries of the House.
This Exposure Draft is the first of six planned for 1998–99. We are committed to proceeding with them all on the basis of the full and open consultation that has been the hallmark of this project from the beginning. I urge everybody with an interest in tax law to take this further opportunity to comment.