Consultations & legislation
Tax updates & consultation tracker
25 May 2012
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 (2012)
- Tax consultation tracker 2012 - last updated 25 May 2012 (PDF 96KB)
- Tax updates and consultations tracker 2011
The list below sets out the Government’s planned consultations on tax issues in chronological order and includes anticipated launch dates where possible. Further information on the listed consultations is available in the PDF document above. All links to HMRC led consultations will open in a new window.
March
- 21: VAT: Addressing borderline anomalies (HMRC led) - closes 18 May
- 26: Alcohol fraud (HMRC led) - closes 25 June
- 27: Consultation on an 'above the line' credit for Research and Development (R&D)- closes 29 June
- 27: Possible changes to Income Tax rules on interest (HMRC led) - closes 22 June
- 27: Proposed changes to tax rules on manufactured payments (HMRC led) - closes 22 June
- 27: Simpler Income Tax for the Simplest Small Businesses (HMRC led) - closes 22 June
- 27: The Gift Aid Small Donations Scheme (HMRC led) - closes 25 May
April
-
02: Herbal smoking products - closes 29 June
-
04: Real Estate Investment Trust (REIT) consultation - closes 27 June
-
25: VAT: Road fuel scale charges (Informal consultation only) - closes 20 June
-
Lease premium relief (Informal consultation between April and June)
May (exact dates of some consultations tbc)
-
23: Consultation into the Taxation of Controlling Persons (HMRC led) - (closes 16 August)
-
24: Withdrawing a notice to file a self-assessment form (HMRC led) - (closes 16 August)
-
24: Taxations of unauthorised unit trusts (HMRC led) - (closes 20 August)
-
Annual charge on high value residential properties owned by certain ‘non-natural’ persons.
-
Corporation tax reliefs for the creative sector
- Disincorporation relief
-
Enterprise Management Incentives: academics
-
Heritage maintenance funds (Informal consultation only)
-
IHT: periodic charges on trusts
-
Inheritance tax (IHT): spouses and civil partners domiciled outside the UK (Informal consultation only)
-
Integrating the operation of income tax and National Insurance contributions
- PAYE late payment and filing penalties
-
Personal Independence Payments: trusts for vulnerable people
-
Simplification of regulatory penalties
-
Statutory residence test/ ordinary residence/ statement of practice 1/09
-
Stamp duty land tax: leases simplification
-
Stamp duty land tax: sub sales
-
Tax advantaged employee share schemes
- Transfer of assets abroad and gains on assets held by foreign companies (Informal consultation only)
- Use of rebated fuel for gritting activities in rural areas
-
VAT: exemption for education providers
-
VAT: freight transport services (Informal consultation only)
June (exact dates tbc)
-
Combined bingo (Informal consultation only)
-
Disclosure of tax avoidance
- Foreign currency assets and chargeable gains
- General anti-abuse rule
- Life insurance policies: time apportionment reductions
-
Life insurance: Qualifying Policies
- Oil and gas: decommissioning certainty
- VAT treatment of small cable-based transport
July (exact dates tbc)
- Information powers
Summer (exact dates tbc)
- Cap on unlimited tax reliefs
Share
Tax announcements 2012
Written Ministerial Statements
