UK: New Management Act
HMRC have issued a consultative document as part of its review of administrative rules and development of new legislation bringing together the rules for the main taxes.
In his Pre Budget Report published on 8 December 2005, the Chancellor of the Exchequer announced that HMRC would review its administrative rules and would develop and consult on new legislation bringing together the rules for the main taxes.
The consultative process continues with the issuing of this document on developing of a new management act. The consultation period runs to the 20 February 2007.