HC Deb 09 November 1983 vol 48 c140W
Mr. Tim Smith

asked the Chancellor of the Exchequer if he has any plans to consolidate the Finance Acts.

Mr. Peter Rees

Consolidation is of course a matter for the Law Commission. Virtually all Customs and Excise legislation has been consolidated since 1979, culminating with VAT and car tax this year. On the direct tax side, consolidation of capital gains tax was completed in 1979, and work on capital transfer tax should be finished next year. A new consolidation of income and corporation taxes legislation was put in hand this September, and we hope that a Bill will be ready for introduction early in the Session 1987–88.