HL Deb 25 March 2002 vol 633 cc13-4WA
Lord Acton

asked Her Majesty's Government:

What further developments there have been as a result of the Tax Law Rewrite Project. [HL3507]

Lord McIntosh of Haringey

The Tax Law Rewrite Project continues to make good progress. At the end of this month it will be publishing its thirteenth Exposure Draft, containing draft clauses on foreign income and property income.

The project is also currently working on an income tax Bill rewriting the provisions on employment income, pension income and taxable social security benefits. In preparation for that Bill, this year's finance Bill will include some small amendments to the tax legislation on employment income. Copies of this draft finance Bill legislation will shortly be published on the project's website.

Copies of the exposure draft and the draft finance Bill legislation will be placed in the Library as soon as they are available.