2. The introduction of HMRC responsibilities – have they been identified correctly or should there be others included? 3. The redundancy of ‘exceptional circumstances’ – do you agree that it is redundant now and should therefore be removed? 4. Any possible issues that might arise as a result of the removal of Capital Gains Tax (CGT) from ESC A19? 5. The introduction of a time limit to make contact with HMRC- is there any possible issues as a result of this approach being adopted? 6. What would be the most appropriate method to use when issuing revised guidance? 7. Whether there are any other terms, within the revised concession, which will need further explanation or explanations?
The consultation is open until 24 September 2012 and HMRC would welcome all views which can be sent by email to paye.policy@hmrc.gsi.gov.uk .
Alternatively if you wish to share any views, experiences or comments with the Policy team, then please contact Samantha Mann, Senior Policy & Research Officer at policy@cipp.org.uk by no later than 7 September 2012.
Finance Act 2012
THE FINANCE ACT 2012 IS NOW LAW
19 July 2012
The Finance Bill 2012 has now received Royal Assent and became The Finance Act 2012 on 17 July.
Finance Bill (draft) 2013
DRAFT FINANCE BILL 2013
18 December 2012
Following the Autumn Statement last week, the government has now published the draft Finance Bill 2013.
The draft clauses for Finance Bill 2013 have been published for consultation. Where secondary legislation will give substantive effect to the Finance Bill clause, this has also been published in draft. Each clause is accompanied by: • a Tax Information and Impact Note (TIIN) which sets out what the legislation seeks to achieve, why the government is undertaking the change and a summary of the expected impacts; and • an Explanatory Note which provides a more detailed guide to the legislation. Accompanying documents also include overviews and responses to various consultations held over the summer. The documents confirm announcements made in the Autumn Statement and also provide a draft legislative framework for further consultation work preceding the publication of the finalised Finance Bill in April 2013. If you wish to comment on any of the draft clauses, please use the contact details provided at the end of the relevant Explanatory Note. The closing date for comments is Wednesday 6 February 2013 .
CIPP Policy News Journal
12/04/2013, Page 159 of 362
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