These notes refer to the Income Tax Bill as amended by the Joint Committee on Tax Law Rewrite Bills, ordered by the House of Commons to be printed on 24th January 2007 [Bill 48] INCOME TAX BILL
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EXPLANATORY NOTES
1. These explanatory notes relate to the Income Tax Bill as amended by the Joint Committee on Tax Law Rewrite Bills, ordered by the House of Commons to be printed on 24th January 2007. They have been prepared by the Tax Law Rewrite project at HMRC in order to assist readers of the Bill and to help inform debate on it. They do not form part of the Bill and have not been endorsed by Parliament.
2. The notes need to be read in conjunction with the Bill. They are not, and are not meant to be, a comprehensive description of its contents. So if a clause or part of a clause does not seem to require explanation or comment, none is given.
3. The commentary on each clause indicates the main origin or origins of the clause. A full statement of the origins of each clause is contained in the Bill’s Table of Origins.
4. At the end of the commentary, there is supporting material in two annexes: