Rewritten capital allowances legislation unveiled by taxman

The project aims to rewrite and restructure almost all the UK’s primary tax legislation so that it is clearer and easier to use.

In written answer to a Parliamentary Question the paymaster general, Dawn Primarolo, said yesterday: ‘I am pleased to be able to tell the House that the Tax Law Rewrite project is continuing to make good progress. The Inland Revenue today publish the project’s ninth exposure draft, containing more draft rewritten clauses on capital allowances.

‘This publication also includes the rewritten clauses from earlier exposure drafts on capital allowances, making up a first draft Bill. Some – but not all – of this earlier material has been revised in the light of comments received.

‘I hope the final Bill – which will completely rewrite the current capital allowances legislation – will be ready to be introduced in Parliament later this year.’

Copies of the exposure draft are available on the Inland Revenue website at

Comments should be sent by 2 May 2000 to David Mutton, Tax Law Rewrite project, Inland Revenue, Room 831, Bush House, South West Wing, Strand, LONDON WC2B 4RD, or e-mailed to

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