Background
Consultation
12.The work produced by the project has been subject to public consultation. This has allowed all interested parties an opportunity to comment on draft clauses.
13.This consultation took the form of a series of papers which published clauses in draft. There were 20 of these, published between July 2006 and November 2008 and a draft Bill was published for consultation in February 2008. All these documents are available on the Tax Law Rewrite website.
14.The project also held detailed informal discussions and workshops with leading private sector tax professionals and HMRC specialists to consider the drafting of the more complex areas of rewritten tax legislation, for example, loan relationships and derivative contracts.
15.Those who responded to one or more of the papers, or to the draft Bill, include:
Alma Consulting Group
Chartered Institute of Taxation
Confederation of British Industry
Deloitte & Touche LLP
Ernst & Young LLP
Institute of Chartered Accountants in England and Wales
International Swaps and Derivatives Association, Inc.
KPMG LLP
Law Society
London Investment Banking Association
London Society of Chartered Accountants
PricewaterhouseCoopers LLP
Note: this list excludes those who asked that their responses be treated in confidence.
