Tax Law Rewrite

HC Deb 25 July 2000 vol 354 cc574-5W

Mrs. Lawrence

To ask the Chancellor of the Exchequer if there have been further developments on the Tax Law Rewrite project. [133029]

Dawn Primarolo

I am pleased to tell the House that the Tax Law Rewrite project will soon reach a major milestone. Next week, the Inland Revenue will publish the project's first draft Bill, on capital allowances, for a final round of consultation. The Bill will be ready for introduction in Parliament by the end of the year. Earlier versions of this rewritten legislation have been extensively revised in the light of comments and suggestions from tax professionals and other interested parties. This continuous dialogue between the project team and business interests, tax practitioners, the legal profession and Inland Revenue specialist is a key feature contributing to the success of the project.