|UK Treasury Rejects Calls To Consult Tax Experts
by Jason Gorringe, Tax-News.com, London
Friday, April 14, 2017
The UK Treasury has rejected a recommendation that it should consult tax experts before introducing policy changes in the Finance Bill.
In January, the House of Commons Treasury Committee, the Chartered Institute of Taxation, the Institute for Government, and the Institute for Fiscal Studies said that UK members of parliament should hear oral evidence before scrutinizing finance bills and be "more rigorous" in examining new measures.
"I will continue to press the Government on this point," Committee Chair Andrew Tyrie said. "It is important that the Finance Bill Committee, as well as the Treasury Committee, has the opportunity to hear directly from tax experts before they scrutinize the Finance Bill."
"Tax experts and parliamentarians need to have the best possible tools for the task of scrutinizing tax policy proposals, with good quality impact assessments and a user-friendly record of the status of each proposal on its journey through the forest of consultation and legislation."