Certificates of Tax Deposit

(asked on 15th January 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to replace the Certificates of Tax Deposit Scheme with a comparable replacement; and what consultation they will undertake on this subject.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 25th January 2018

There are no plans to replace the Certificate of Tax Deposit Scheme.

Closure of the Certificate of Tax Deposit scheme will make the tax system simpler and fairer. New certificates are no longer available to buy but existing ones will continue to be honoured until 23rd November 2023, giving up to six years for existing users to adjust to the change. There are no plans for consultation on a replacement.

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