Framework to give businesses greater certainty on tax policy

The Government is seeking feedback on the draft, which sets out:

- The key principles underpinning the development of tax policy – including securing fairness, competitiveness and stability for the UK, and ensuring new burdens and complexities are not created for UK business

- The policy process the Government follows when developing tax policy, including consultation wherever possible.

The Chancellor of the Exchequer Alistair Darling said:

"The UK is a good place to do business and we want to keep it that way.

"Businesses want certainty on tax. That’s is why today I have set out, in collaboration with UK business, the Government’s key principles for tax policy and how we will engage with business when developing tax policy"