In a written ministerial statement on 15 March 2011, The Exchequer Secretary to the Treasury (Mr David Gauke), said, 'From Budget 2011 onwards, the Government will publish a tax information and impact note for tax policy changes at the point at which the policy design is final or near final. This could be alongside the Budget, publication of draft legislation or final legislation, as appropriate. These notes will provide a clear statement of the policy objective, impact on the Exchequer, the economy, individuals, businesses and civil society organisations, as well as any equality and other specific impact'. The full text is available on the Parliamentary website (Opens new window).
From Budget day, 23 March 2011, separate Impact Assessments (IAs) will not normally be issued by HMRC because these are now combined with the tax information on the policy change in the TIIN. There will however be a few IAs which are required for regulatory purposes as opposed to a policy change.
The first TIINs were issued alongside the draft Finance Bill 2011 clauses on 9 December 2010, and all issued TIINs can now be accessed from the chronological list below: