37/02
24 April 2002
PUBLICATION OF THE FINANCE BILL
Long-term decisions to invest in an enterprising, fairer Britain were set out by the Chancellor of the Exchequer in his 2002 Budget statement last week.
Finance Bill 2002 is published today. Paymaster General Dawn Primarolo said:
“The Government is committed to creating a modern and fair tax system which encourages work and saving, raises sufficient revenue to pay for investment in public services, and in which everyone pays their fair share. The Finance Bill introduces important measures to modernise taxes to keep pace with real world developments and with the global economy, to promote enterprise, and to cut red tape. This Budget takes forward the tax modernising agenda to put our public services on a secure long-term footing.”
The attached background notes briefly describe the clauses and schedules in the Bill. More detailed explanatory notes on clauses are available from HM Treasury.
Further explanatory notes will be made available from HM Treasury for amendments to the Finance Bill as and when they are made during the passage of the Bill through Parliament. Also, where Ministers undertake to write to Members of Parliament with further detailed explanations regarding a particular measure, such letters will be publicised. This will be by way of the HM Treasury, Inland Revenue or Customs and Excise website, or by Press Release or Business Note as appropriate.
Today, Inland Revenue has issued a press notice detailing supplementary documents available today.
NOTES TO EDITORS
Copies of the Finance Bill are available from all Stationery Office bookshops, price £24.50.
Explanatory Notes will be available for each clause and schedule of the Bill. The Notes are being deposited in Parliament, with the authority of Ministers, to provide Parliament with a better understanding of the purpose and effect of the Government’s proposals during the passage of the Finance Bill.
The Explanatory Notes are available from the Public Enquiry Unit, HM Treasury, Parliament Street, London, SW1P 3AG on 020 7270 4558, or by e-mail to public.enquiries@hm-treasury.gov.uk, price £15 per set. As HM Treasury Public Enquiry Unit does not have invoicing or credit card facilities, payment should be cash (exact sum only) or by cheque made payable to HM Treasury Votes Cash Account.
Alternatively, the Notes will also be available, along with material on other Treasury matters, on the Internet at: hm-treasury.gov.uk .
Press copies of Explanatory Notes are available from 020 7270 5238.
The Lobby notes are available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.