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Tax Policy Consultation and Draft Finance Bill 2012

Volume 532: debated on Tuesday 13 September 2011

The Government’s approach to tax policy making puts consultation on policy and scrutiny of legislation as the cornerstones.

Over the summer, HM Treasury and HM Revenue and Customs have been seeking the views of interested parties on the tax policies announced at Budget 2011. Responses to these consultations will be published on or by 6 December 2011.

As part of the next stage of consultation draft legislation for these measures, to be included in Finance Bill 2012, will also be published on that date. This will be supplemented by draft explanatory notes and tax impact and information notes. The draft clauses will be open to consultation until 10 February 2012.