(8 years, 6 months ago)
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The Financial Secretary to the Treasury (Mr David Gauke)
At the start of the last Parliament, the coalition set out its ambition to improve the tax policy making process through high levels of consultation and legislative scrutiny. That approach was welcomed by tax professionals, and more than 150 formal and informal consultations on tax changes took place over the past five years. The commitment to publish the majority of Finance Bill clauses in draft was also met.
This approach will continue into this Parliament. Following summer Budget 2015, the Government have engaged with interested parties, seeking their views on more than 20 areas of tax policy for legislation in Finance Bill 2016. The next stage of consultation aims to ensure that the legislation works as intended.
Draft clauses to be included in Finance Bill 2016 will be published on Wednesday 9 December 2015, together with responses to policy consultations, explanatory notes, tax information and impact notes and other accompanying documents. The consultation on the draft legislation will be open until Wednesday 3 February 2016.
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