Tax Law Rewrite

HC Deb 29 October 1999 vol 336 cc1035-6W

Mr. Caplin

To ask the Chancellor of the Exchequer if there have been further developments on the Tax Law Rewrite project. [96953]

Dawn Primarolo

I am pleased to be able to tell the House that the Tax Law Rewrite project is continuing to make good progress. The Inland Revenue today published the project's eighth Exposure Draft, containing draft rewritten clauses on the savings and investment income of individuals. In due course, these clauses will be included in a Bill, which will completely rewrite income tax legislation. Copies of the Exposure Draft will be placed in the Libraries of the House.