Finance Bill amendment.

Inland Revenue[QQ] The Revenue has welcomed the Adjudicator’s annual report. The percentage of complaints upheld fell to an all-time low of 32%. An amendment is to be made to the Finance Bill extending the final date for tax-relieved awards under an approved profit sharing scheme from 5 April 2002 to 31 December 2002. Government has announced the rules for all employee share ownership plan will be extended to redeemable shares issued by co-operatives. The Revenue announced papers concerning the impersonation of Lord Levy will be passed to the Director of Public Prosecutions. It has also posted details of the Working Together Initiative to its website. HM Customs and Excise Customs has welcomed the publication of the Adjudicator’s report. Complaints upheld against Customs fell to 31%. Customs has announced Alex Fraser, formerly with Schroders, as the new logistics director responsible for Customs IT services. English ICA Tax Faculty The Tax Faculty has responded to the Cabinet Office draft Code of Practice on consultations. Chartered Institute of Taxation The institute has made submissions on the government draft Code of Conduct on consultations and on stamp duty in response to Finance Bill 2000 clauses 121, 122.

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