To allow for more transparency and scrutiny, documents and
consultations that would traditionally be published at a
Budget will be published on 23 March.
This will ensure tax professionals will have a better
opportunity to feed into consultations and policy
discussions, which will strengthen policy-making.
None of the announcements will require legislation in the
next Finance Bill or have an impact on the government’s
finances.
Several consultations are an important part of the
government’s 10-year tax administration strategy to
create a tax system fit for the challenges and
opportunities of the 21st century.
Financial Secretary to the Treasury said:
“We are making these announcements separately to the
Budget, but still all on a single day, in order to give a
range of important but less high profile measures greater
visibility among Members of Parliament, tax professionals
and other stakeholders, and greater scope for scrutiny by
them.”
Announcements which have implications to the government’s
finances, that need to be captured in the OBR’s economic
and fiscal outlook, and announcements of measures to be
legislated in the Finance Bill, will be made on Budget day
in the normal way.
Financial Secretary Jesse Norman’s letter to TSC
can be found here.
