The draft Finance Bill 2014

Topics The FBSC would welcome written evidence on the two topics set out below: Taxation of Partnerships The first relates to the schedule in the draft Bill which makes provision in relation to partnerships (Parts 1, 2, 3 and 4 of the Schedule). The FBSC invites evidence on the specifics of this draft legislation. The FBSC wishes to consider more generally the legislation in relation to the taxation of partnerships. Evidence is invited on whether the approach of the legislation is appropriate or whether the provisions such as those in the draft Finance Bill 2014 are a symptom of underlying problems with that approach. The FBSC expects the report on the taxation of partnerships which the Office of Tax Simplification will publish shortly to provide an important input to its inquiry, and also invites evidence on the conclusions in that report. New approach to Tax Policy Making It is now over three years since the Government announced its new approach to tax policy making with the aim of bringing about a clearer, more stable and predictable tax system with better tax legislation and more effective scrutiny of tax changes. The FBSC now invites evidence on the extent to which the new approach has been implemented and is delivering the objectives set out for it. To the extent that the new approach has not been fully implemented in particular areas or on specific topics, the FBSC invites evidence on why there is this variability.