Tax consultations galore

There are almost 70 live tax-related consultations, if you count each draft Finance Bill measure on which comments have been invited as a separate consultation. I’ve prepared a summary for Tax Journal (subscription required), with links to the consultation documents.

In the last couple of days the Treasury has posted an online survey on Budget 2015, set for 18 March, and invited representations.

And HMRC has launched a consultation on R&D tax credits – a package of measures, announced at autumn statement 2014, to streamline the application process for smaller companies.

Many of the consultations are of particular interest to smaller businesses and employers. In addition, the UK government is aiming to fast-track legislation granting further tax powers to Scotland and a corporation tax rate-setting power to Northern Ireland. I’ll share a thought on some of these.