ED12 Employment Income: Part 3

Tax Law Rewrite

Twelfth Exposure Draft

Employment Income: Part 3

 

Comments are welcome on the clauses in this Exposure Draft. They will be made public on request, unless we are asked to treat them in confidence.

Please send comments by e-mail where possible to Basil.Rajamanie@ir.gsi.gov.uk

Other written comments should be sent to:

David Mutton
Tax Law Rewrite Project
Inland Revenue
Room 826,
Bush House,
South West Wing
Strand
London WC2B 4RD

Comments are requested by 28 March 2002.

 

Foreword by the Paymaster General

This Exposure Draft from the Tax Law Rewrite Project publishes a third tranche of rewritten draft legislation on employment income together with draft clauses charging pension and social security income. It maintains the Project’s commitment to producing rewritten legislation of a very high standard and which is much clearer and easier to use than the current legislation. This is achieved in a number of ways, one of the most significant being the reordering and restructuring of the legislation so that related topics sit together in a logical manner.

Exposure Drafts play a pivotal role in the consultative process. I would like to thank all those who have given a great deal of their time to studying and commenting on the work of the Project. I hope that they will continue to support the Project in this way.

The Project’s first Bill, on Capital Allowances, received Royal Assent and came into force earlier this year. I am pleased to say that it has been well received by the tax community. Looking ahead, the intention is that the draft clauses in this Exposure Draft will appear in the Project’s first Income Tax Bill. This will be a major milestone in the essential work of modernising our current direct tax legislation.

 

DAWN PRIMAROLO

 


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Volume 1

Volume 2

   

 

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