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HM Treasury

Consultations & legislation

Tax consultation tracker

Consultations on taxation

The following consultations, except where stated, were announced in the June Budget.

Corporate taxes
Income Tax and National Insurance
Indirect Tax and Excise Duties
Environment and Transport Tax
Tax compliance
Other

Corporate taxes

Title	Description	Department	Consultation	Timing
Reform of the Controlled Foreign Company regime	Interim improvements to the Controlled Foreign Company regime	HM Treasury and HMRC	Informal consultation Further consultation Draft legislation	27 July 2010 30 Nov 2010 9 Dec 2010
Reform of the Controlled Foreign Company regime	Full reform of the Controlled Foreign Company regime	HM Treasury and HMRC	Informal consultation Formal consultation Draft legislation	30 Nov2010 Spring 2011 Autumn 2011
Taxation of foreign branches	Consultation on moving to a more territorial basis for taxing the profits of foreign branches, including options for retaining branch loss relief.	HM Treasury and HMRC	Discussion document Further consultation Draft legislation	27 July 2010 30 Nov 2010 9 Dec 2010
Intellectual property/ research and development (R&D) tax credits/ Dyson Review	Consultation with business to review the taxation of intellectual property, the support R&D tax credits provide for innovation and the proposals of the Dyson Review.	HM Treasury and HMRC	Consultation	30 Nov 2010
Bank levy	Consultation on implementing a new levy based on banks’ balance sheets from 1 January 2011.	HM Treasury and HMRC	Formal consultation Response to consultation Draft legislation	13 July 2010 21 October 2010 21 October 2010
Corporate Capital Gains	Ongoing consultation to simplify the corporate capital gain rules for companies	HM Treasury and HMRC	Response to consultation	9 Dec 2010

Income Tax and National Insurance

Title	Description	Department	Consultation	Timing
PAYE improvement (HMRC, new window)	Consultation with employers and payroll providers on mechanisms that could support more frequent or real time PAYE data.	HMRC	Formal consultation Further consultation	27 July 2010 3 Dec 2010
Furnished holiday lettings (FHL)	Consultation on a proposal to ensure the FHL tax rules meet EU legal requirements.	HM Treasury and HMRC	Formal consultation Response to consultation and draft legislation	27 July 2010 9 Dec 2010
Pensions tax relief	Consultation on the best design of a regime to restrict pension tax relief for higher rate taxpayers.	HM Treasury and HMRC	Discussion document Response to consultation Draft legislation	27 July 2010 14 October 2010 9 Dec 2010
Annuitisation at age 75	Consultation on how to end the effective requirement to purchase an annuity at age 75.	HM Treasury	Formal consultation	27 July 2010

Indirect Tax and Excise Duties

Title	Description	Department	Consultation	Timing
Alcohol taxation	Reviewing alcohol taxation and pricing to tackle binge drinking.	HM Treasury	Update on consultation	30 October 2010
Lottery taxation	Review of the taxation of the national lottery, including a gross profits tax.	HM Treasury	Informal consultation	Summer 2011
Machine games duty	Consultation on design characteristics of machine games duty	HM Treasury and HMRC	Formal consultation Draft Legislation	Spring/early summer 2011

Environment and Transport Tax

Title	Description	Department	Consultation	Timing
Carbon price support	Proposals to reform the climate change levy in order to provide more certainty and support to the carbon price.	HM Treasury and HMRC	Formal consultation	16 Dec 2010

Tax compliance

Title	Description	Department	Consultation	Timing
Financial Securities for PAYE and NICs	Consultation on powers for HMRC to require a financial security, backed up by a criminal sanction for non-compliance, from employers where there is a serious risk of failure to pay PAYE and/or NICs contributions.	HMRC	Formal consultation Draft legislation	9 Dec 2010
Inheritance Tax avoidance (HMRC, new window)	Consultation on extending the Disclosure of Tax Avoidance Schemes regime to IHT on trusts.	HMRC	Formal consultation Response to consultation	July 2010 6 Dec 2010
Substantial donors to charities rules	Consultation on the anti-avoidance rules that will replace the substantial donors to charities rules.	HMRC	Informal consultation on draft legislation Draft legislation	Summer 2010 9 Dec 2010
General Anti-Avoidance Rule	Explore whether there is a case for developing a General Anti-Avoidance Rule (GAAR).	HM Treasury and HMRC	Informal consultation Study commissioned	Summer 2010 6 Dec 2010
Financial Products Avoidance: Group Mismatches (HMRC, new window)	Ongoing consultation on tackling schemes that rely on asymmetrical corporation tax treatment of transactions between group companies.	HMRC	Discussion document Draft legislation	Open day; July 2010 6 Dec 2010
Loan relationships (HMRC, new window)	Changes to anti-avoidance rules on loan relationships and derivative contracts.	HMRC	Discussion document Draft legislation	July 2010 6 Dec 2010

Other

Title	Description	Department	Consultation	Timing
Tax policy making: a new approach	Consultation on a wide range of proposals to improve the way that tax policy is developed.	HM Treasury and HMRC	Discussion document	Published on 22 June