Consultations & legislation
Tax updates & consultation tracker
14 November 2011
At the June Budget 2010, the Government committed to improve the way that tax policy is developed, legislated and communicated. It set out a new approach – one founded on predictability, stability and simplicity – with consultation on policy design and scrutiny of draft legislation as the cornerstones.
This page provides information on the latest policy updates on tax, incorporates the Government’s updated Tax Consultation Tracker and sets out in one place the Government’s planned consultations on tax issues.
It includes anticipated launch dates wherever possible, to help interested parties manage their engagement with the Government on tax policy development.
Tax consultation tracker (2011)
The list below sets out the Government’s planned consultations on tax issues in chronological order. It includes anticipated launch dates where possible. Further information on the listed consultations is available in the PDF document below.
March
- 23: Reform of air passenger duty consultation - closed 17 June
- 24: Rebalancing the Northern Ireland economy - closed 8 July
- 31: Draft regulation on Junior ISAs - closed 31 May
April
- 05: Life insurance companies: A new corporate tax regime - closed 28 June (HMRC website, opens in a new window)
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14: Collecting debts through PAYE - closed 12 May (HMRC website, opens in a new window)
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Informal
- Real estate investment trusts (REITs) - closed 10 June
- General claims equalisation reserves (CERs)
- Stop loss and quota share insurance
May
- 10: VAT grouping extra statutory concession - closed 3 August (HMRC website, opens in a new window)
- 24: Machine games duty implementation -closed 26 July
- 24: Incapacitated persons - closed 16 August (HMRC website, opens in a new window)
- 24: Employer asset-backed pension contributions - closed 16 August (HMRC website, opens in a new window)
- 27: Tax reliefs - closed 31 August
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31: The following consultatons are on the HMRC website and will open in a new window
- Capital allowances: feed-in tariffs and renewable heat incentives - closed 31 August
- Changes to the capital allowances anti-avoidance legislation - closed 31 August
- Capital allowances for fixtures - closed 31 August
- Establishing the future relationship between the tax agent community and HMRC - closed 16 September
- Tackling VAT fraud on imported road vehicles - closed 31 August
- High risk tax avoidance schemes - closed 31 August
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Informal
- Qualifying time deposits - closed 31 July (HMRC website, opens in a new window)
- UK oil and gas fiscal regime - valuation of non arm's length sales of gas - closed 31 July (HMRC website, opens in a new window)
- Bank capital instruments
- Amendments to the loan relationship and derivative contract disregard regulations
June
- 10: Consultation on the patent box - closed 2 September
- 10: Research and development (R&D) tax credits: response and further consultations - closed 2 September
- 10: Inheritance tax – reduced rate for charitable legacies - closed 31 August (HMRC website, opens in a new window)
- 17: Statutory definition of tax residence - closesd 9 September
- 17: Reform of the taxation of non-domiciled individuals - closed 9 September
- 17: Simplification of regulatory penalties - closed 9 September (HMRC website, opens in a new window)
- 28: VAT: cost-sharing exemption - closed 30 September (HMRC website, opens in a new window)
- 29: Gifts of pre-eminent objects and works of art to the nation - closed 21 September
- 30: Controlled foreign company (CFCs) reform - closed 22 September
- 30: High risk areas of the tax code: relief for income tax losses - closed 30 September (HMRC website, opens in a new window)
- 30: High risk areas of the tax code: the taxation of unauthorised unit trusts - closed 30 September (HMRC website, opens in a new window)
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Informal
- Debt cap - closed 5 September (HMRC website, opens in a new window)
- Disclosure of tax avoidance schemes
July
- 06: Tax-advantaged venture capital schemes - closed 28 September
- 07: Bringing HMRC’s information powers into line with international standards for tax information exchange - closed 29 September (HMRC website, opens in a new window)
- 11: Integrating the operation of income tax and national insurance contributions: a call for evidence - closed 19 September
- 14: Working with tax agents: dishonest conduct - closed 16 September (HMRC website, opens in a new window)
- 20: Civil investigation of fraud - contractual disclosure facility - closed 20 September (HMRC website, opens in a new window)
August
- 04: Tax treaties anti-avoidance - consultation withdrawn
- 08: VAT: consultation on the next steps for moving VAT online - closes 31 October (HMRC website, opens in a new window)
- 08: Digital by Default - closes 31 October (HMRC website, opens in a new window)
- 15: Modernising Customs and Excise Law - closes 7 November (external website, opens in a new window)
Autumn
The timing of the following consultations is still to be confirmed.
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Tax updates 2011
- 13/09/11- Written ministerial statement: Update on tax consultations and draft Finance Bill legislation
- 12/08/11- Press notice: Capital allowances loophole ended
- 18/07/11- Written ministerial statement: Update on latest tax review
- 06/07/11- Written ministerial statement: Update on latest tax consultation plans
- 05/07/11- Press notice: Treasury increases ring fence expenditure supplement to support investment in North Sea Oil
- 31/03/11- Finance Bill 2011
- 31/03/11- Tax consultation framework (HMRC website, opens in new window)
- 23/03/11- Budget 2011
- 09/12/10- Autumn tax updates
