§ Mr. TimmsTo ask the Chancellor of the Exchequer what further developments there have been on the Tax Law Rewrite Project. [42904]
§ Dawn PrimaroloThe Tax Law Rewrite project aims to bring clarity to our direct tax legislation, making the tax system more accessible to taxpayers, and their advisers. The Inland Revenue have today published a document which reviews the recent progress of the project and outlines its work programme for 1998–99. Copies have been placed in the Libraries of the House.
The Rewrite is a major task, and we are committed to doing it well. We are also committed to continuing on the basis of full and open consultation. Such consultation has been the hallmark of this project from the beginning and will, I am confident, ultimately ensure that it is a highly successful one.
Title Publication date Closing date for submissions Number of respondents Proposals for a new Industrial and Provident Societies Act 23 March 1998 1 May 1998 64 Innovating for the future: investing in research and development 17 March 1998 30 June 1998 25 to date Bank of England powers to collect information for monetary policy purposes 13 February 1998 13 March 1998 12 Index linked gilt auctions 5 January 1998 30 January 1998 28 The future of UK Government debt and cash management: a response for consultation 22 December 1997 none 6 Cash ratio deposits 25 November 1997 20 April 1998 19 Pre-Budget Report 25 November 1997 17 March 1998 1,250 The future of UK Government debt and cash management: a proposal for consultation 29 July 1997 12 September 1997 20