The Committee welcomes the Corporation Tax Bill as a clarification of the existing law and believes it will be easier to use and more accessible to Parliament, the judiciary, informed professionals, business people and other users of the legislation. The Committee is satisified that the only changes to the law that the Bill makes are of such minor significance that they need not be referred to the attention of Parliament.
In this report the Committee considers both the Corporation Tax Bill and the Taxation (International and Other Provisions) Bill. They paid particular attention to: the changes proposed by the Corporation Tax Bill expected to increase or reduce the amount of corporation tax payable; and the powers in the Corporation Tax Bill to amend legislation and the assurance given by the Minister that the projects' Consultative and Steering Committees would have to consent to any such changes. The Committee accepts the proposed amendments to both Bills, which are of a minor, technical nature
The Committee welcomes the Bill in seeking to clarify the existing law relating to income tax. It accepts that the Government's proposed amendments to the Bill, submitted after its publication, are of only minor significance, and therefore do not need to be referred to the attention of Parliament.
The Committee's report examines proposed amendments to the Income Tax Bill (HCB 48-I, II, III, session 2006-07, ISBN 9780215708151), including a new part relating to accrued income profits. While substantive amendments should normally be included in the Bill prior to its introduction, the Committee recognises the exceptional circumstances in this case. The Committee concludes that the proposed changes have been subject to extensive consultation and should be included as part of the Bill. The proposed amendments are included as appendices to the report.
Following the Inland Revenue's 1995 report on the scope for simplifying the UK tax system, the Tax Law Rewrite project was established to rewrite almost all of the UK's existing primary direct tax legislation, using a simpler language and structure. The Income Tax (Earnings and Pensions) Bill (HC Bill 13; ISBN 0215701844) was introduced in December 2002, following the final round of consultations on the draft Bill. The Bill's main purpose is to rewrite tax legislation relating to income from employment, pensions and social security payments, so as to make it clearer and easier to use. The Committee accepts the Government's proposed amendments, made in response to further consultation, and welcomes the clarification of existing tax law. Their report states that it is satisfied that the Bill does not need to be referred to Parliament as the changes made are of minor significance.
In this report the Committee considers both the Corporation Tax Bill and the Taxation (International and Other Provisions) Bill. They paid particular attention to: the changes proposed by the Corporation Tax Bill expected to increase or reduce the amount of corporation tax payable; and the powers in the Corporation Tax Bill to amend legislation and the assurance given by the Minister that the projects' Consultative and Steering Committees would have to consent to any such changes. The Committee accepts the proposed amendments to both Bills, which are of a minor, technical nature
The Committee's report examines proposed amendments to the Income Tax Bill (HCB 48-I, II, III, session 2006-07, ISBN 9780215708151), including a new part relating to accrued income profits. While substantive amendments should normally be included in the Bill prior to its introduction, the Committee recognises the exceptional circumstances in this case. The Committee concludes that the proposed changes have been subject to extensive consultation and should be included as part of the Bill. The proposed amendments are included as appendices to the report.
The Committee welcomes the Corporation Tax Bill as a clarification of the existing law and believes it will be easier to use and more accessible to Parliament, the judiciary, informed professionals, business people and other users of the legislation. The Committee is satisified that the only changes to the law that the Bill makes are of such minor significance that they need not be referred to the attention of Parliament.
Legislative Scrutiny : Financial Services Bill and the Pre-budget report, third report of session 2009-10, report, together with formal minutes and Appendices
In this report the Committee describes and explains the full range of its work over the course of the 2001-2005 Parliament. The Committee distils from its experience a number of suggestions for consideration by its successor committee and recommendations addressed to the Government, in order to enhance the integration of human rights considerations into the overall policy and legislative process. Chapter 2 explains the background to the Committee's establishment. Chapter 3 covers the legislative scrutiny performed by the Committee. The monitoring of the implementation of the Human Rights Act is the subject of chapter 4, while chapter 5 covers work in relation to institutional support for human rights within the UK. The inquiries into the international treaties to which the UK is a party are dealt with in chapter 6, including the Convention on the Rights of the Child, the International Covenant on Economic Social and Cultural Rights, and the Convention on the Elimination of Racial Discrimination. The final chapter describes the work undertaken on monitoring action taken by the Government in response to incompatibilities with Convention rights, arising from Strasbourg judgments and declarations of incompatibility by UK courts.
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