Tax law rewrite project nears completion
Timms full of praise for 13-year tax simplification project
The HM Revenue and Customs Tax Law Rewrite Project is due to end next year,
the Treasury has announced.
The project has been running for 13 years, and is designed to help simplify
tax policy legislation for taxpayers, according to
Stephen Timms, financial secretary to the Treasury, said it has played a key
role in modernising UK tax legislation.
‘The mainstream direct tax legislation is now far more accessible and easier
to apply than the legislation that went before and when the project’s next two
Bills are enacted, the time will be right to bring this work to an end,’ he
Six new pieces of tax legislation has been created under the project.