ARTICLE · 26 SEPTEMBER 2012

Tax Update - Monday 24 September 2012

Smith & Williamson

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HM Treasury has published a Written Ministerial Statement dated 18 September 2012 by the Exchequer Secretary to the Treasury:

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Smith & Williamson

1. GENERAL NEWS

1.1. Draft Legislation for Finance Bill 2013

HM Treasury has published a Written Ministerial Statement dated 18 September 2012 by the Exchequer Secretary to the Treasury:

"The Government's approach to tax policy making places great emphasis on policy consultation and scrutiny of legislation.

Over the summer, HM Treasury and HM Revenue & Customs have been seeking the views of interested parties on over 35 of the tax policies announced at Budget 2012. Responses to these consultations will be published on or by 11 December 2012.

As part of the next stage of consultation, draft legislation for these measures, to be included in Finance Bill 2013, will also be published on that date. This will be supplemented by draft Explanatory Notes and Tax Information and Impact Notes. The draft clauses will be open for consultation until 6 February 2013."

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