Purpose of consultation
The government is committed to confirming the majority of Finance Bill measures at least three months prior to introduction, including the publication of draft legislation where possible. This consultation fulfils this commitment in advance of Finance Bill 2013.
The aim of this consultation process is to provide more certainty for taxpayers and a greater window for scrutiny in advance of the legislative process. The government would welcome comments to ensure the legislation works as intended. We are not seeking comments on the policy as part of the consultation.
The government published the majority of draft legislation for Finance Bill 2013 measures on 11 December 2012. On 17 January 2013 and 31 January 2013 the government published further draft clauses on a small number of policies announced at Budget 2012 and Autumn Statement 2012.
The Overview of Legislation in Draft (OLD) document provides a summary of the draft legislation published. It also includes updates on measures that will be included in the Finance Bill, but where draft legislation is not being published at this stage. The document also includes a Tax Information and Impact Note (TIIN) for each measure, which explains what the measure does, why it is proposed and what its impacts are.
The draft legislation and Explanatory Notes are published separately. Explanatory Notes are intended to assist the reader in understanding the legislation, but are not meant to be a comprehensive description of the legislation. So, where a section or part of a section does not seem to require any explanation or comment, none is given.
For convenience, we have also provided the same information separately for each measure. Each piece of draft legislation below is accompanied in the same document by a draft Explanatory Note and TIIN.
If you wish to comment on any of the draft legislation, please use the contact details provided at the end of each explanatory note.
If you have any comments on the consultation process itself, please email email@example.com