Tax policy making
The Government has published three new documents as part of its plans to introduce greater transparency and openness in tax policy making as well as reducing the volume and frequency of changes to the tax code.
- Tax Policy Making: Draft Tax Consultation Framework. The consultation documentation was developed in discussion with interested parties over the summer of 2010 following the publication of ‘Tax policy making: a new approach’ in the June 2010 Budget.
- Tax Policy Making: Draft Protocol on Announcements Outside Scheduled Fiscal Events. The document invites comments on the Government’s draft protocol for making announcements of legislative change outside the Budget or scheduled fiscal events.
- The new approach to tax policy making – a response to the consultation. This response document provides a summary of HMRC’s engagement with interested parties and their views, and sets out how the Government intends to improve the way it makes tax policy.