Tax Law Rewrite - draft legislation
Taxation (International and other provisions) Bill (Bill 7)
The Tax Law Rewrite project has published the draft Taxation (International and other provisions) Bill (Bill 7) for a final round of public consultation. The consultation period ends on 29 May 2009.
Use these links to get to the:
- Draft Bill with origins shown (PDF 1.1 MB)
- Draft Bill without origins (PDF 1.0 MB)
- Draft Explanatory Notes (Commentary) (PDF 1.3 MB)
- Draft Explanatory Notes (Annexes and Appendices) (PDF 256K)
- Tables of origins and destinations (PDF 193K)
The Bill includes provisions about double taxation relief, transfer pricing, advance pricing agreements and tax arbitrage.
It is expected that the Bill will be introduced into Parliament by the end of 2009.
The consultation stage impact assessment for this draft Bill is available.
Corporation Tax Bill (Bill 6)
The Tax Law Rewrite project has published the draft second Corporation Tax Bill (Bill 6) for a final round of public consultation. The consultation period ends on 29 May 2009.
Use these links to get to the:
- Draft Bill with origins shown (PDF 2.8MB)
- Draft Bill without origins (PDF 2.6MB)
- Draft Explanatory Notes (Commentary) (PDF 3.3MB)
- Draft Explanatory Notes (Annexes and Appendices) (PDF 517K)
- Tables of origins and destinations (PDF 471K)
The Bill includes provisions about the treatment of losses and gifts to charities, reliefs, distributions, particular types of companies and activities, avoidance and definitions.
It is expected that the Bill will be introduced into Parliament by the end of 2009.
The most recent draft legislation is shown above. Earlier draft legislation is held in Archive.
Use this link to see the consultation stage impact assessment for this draft Bill.
