• Overview of Tax Legislation and Rates (OOTLAR)

Overview of Tax Legislation and Rates (OOTLAR)

These document sets out the detail of each tax policy measure announced at Budget 2012. It is mainly intended for tax practitioners and others with an interest in tax policy changes, especially those who will be involved in consultations, both on the policy and on draft legislation.

The original versions of OOTLAR and the separate Annex B Rates tables did not include the final pages B25 and B26 which show the 2 additional tables on VAT fuel scale charges. The 2 missing pages have been included in the revised versions which have been published on 21st March . There are no other changes in either of the documents.

The information is set out as follows:

Overview of Tax Legislation (PDF 1.2MB)

  • Chapter 1 provides detail on all tax measures to be legislated in Finance Bill 2012 or that will otherwise come into effect in 2012-13. This includes confirmation of previously announced policy changes and explains where changes, if any, have been made following consultation on the draft legislation. It also sets out new measures announced at Budget 2012.
  • Chapter 2 provides details of proposed tax changes announced at Budget 2012 to be legislated in Finance Bill 2013, other future finance bills, programme bills or secondary legislation.
  • Annex A includes all Tax Information and Impact Notes published at Budget 2012.

Tax Rates and Allowances

Finance Bill 2012 will be published on 29 March 2012.