§ Ms LawrenceTo ask the Chancellor of the Exchequer what further developments there have been in the Tax Law Rewrite project. [93812]
§ Dawn PrimaroloI am pleased to be able to tell the House that the Tax Law Rewrite project is continuing to make good progress. The Inland Revenue will shortly publish the project's seventh Exposure Draft, which contains draft clauses on capital allowances for agricultural buildings, scientific research, mineral extraction and plant and machinery. Copies will be placed in the Libraries of the House.
This Exposure Draft is the third instalment in a series that will completely rewrite the capital allowances code. The rewritten legislation in this publication will form part of the first rewrite Bill next year.