§ Barbara FollettTo ask the Chancellor of the Exchequer if he will make a statement on the work of the Tax Law Rewrite project. [66803]
§ Dawn PrimaroloI am pleased to tell the House that the Tax Law Rewrite project will soon reach another major milestone. The Inland Revenue will shortly publish the project's second draft Bill, on employment income, pensions and taxable social security benefits, 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 specialists is a key feature contributing to the success of the project.