Following confirmation that the government will respond to its ‘making tax digital’ consultations in January, Andrew Tyrie, chair of the Commons Treasury committee, has pointed out that legislating in Finance Bill 2017 would breach the government’s own tax policy framework guidelines, while leaving legislation until Finance Bill 2018 would leave insufficient time for implementation in April 2018.
Commenting on his correspondence with the financial secretary to the Treasury, Mr Tyrie said: ‘It is welcome that the government has decided not to rush its response to HMRC’s consultation. But this may mean that there is insufficient time for adequate consultation to take place on the draft clauses, once published. Were that to be the case, the clauses should be considered for the Finance Bill after next. The government may have to accept that the 2018 planned implementation timetable may not be compatible with adequate consultation’.
The government has now confirmed it will publish draft legislation for making tax digital in January, for inclusion in Finance Bill 2017.
Following confirmation that the government will respond to its ‘making tax digital’ consultations in January, Andrew Tyrie, chair of the Commons Treasury committee, has pointed out that legislating in Finance Bill 2017 would breach the government’s own tax policy framework guidelines, while leaving legislation until Finance Bill 2018 would leave insufficient time for implementation in April 2018.
Commenting on his correspondence with the financial secretary to the Treasury, Mr Tyrie said: ‘It is welcome that the government has decided not to rush its response to HMRC’s consultation. But this may mean that there is insufficient time for adequate consultation to take place on the draft clauses, once published. Were that to be the case, the clauses should be considered for the Finance Bill after next. The government may have to accept that the 2018 planned implementation timetable may not be compatible with adequate consultation’.
The government has now confirmed it will publish draft legislation for making tax digital in January, for inclusion in Finance Bill 2017.
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