House of Lords portcullis
House of Lords
Session 2002 - 03
Internet Publications
Other Bills before Parliament

Taxation (Information) Bill [HL]


Taxation (Information) Bill [HL]

    1

 

A

Bill

To

Make provision for public information about the burden of taxation; for a

public holiday in each calendar year to mark in symbolic fashion the date on

which the national burden of taxation may be said to have been discharged;

and for connected purposes.                                                                            

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and

consent of the Lords Spiritual and Temporal, and Commons, in this present

Parliament assembled, and by the authority of the same, as follows:—

 1     Information on burden of taxation

     (1)    The Chancellor of the Exchequer, as part of his Budget speech, shall—

           (a)           provide information to Parliament about the estimated burden of

taxation as defined in subsection (3) below for the forthcoming tax year,

taking into account the effect of the Budget proposals;

5

           (b)           state whether the estimated burden for the forthcoming tax year is

higher or lower than the estimate made in the previous Budget.

     (2)    The burden of taxation shall be calculated by the Office for National Statistics.

     (3)    The burden of taxation shall be calculated as a proportion by 365th parts of the

net national income, and shall take into account the net receipts from—

10

           (a)           all forms of direct taxation;

           (b)           all forms of indirect taxation;

           (c)           all forms of local taxation.

 2     National holiday to mark discharge of burden of taxation

     (1)    There shall, once in each calendar year, be a public holiday, on any such day as

15

the Treasury may by order made by statutory instrument appoint, to mark in

symbolic fashion the estimated date on which the whole of the burden of

national direct and indirect taxation may be said to have been discharged.

     (2)    The estimated date on which the national burden of taxation may be said to

have been discharged shall be calculated by counting the number of days,

20

starting with 1st January preceding the date of the Budget statement, which

 
HL Bill 70 53/2
 
 

Taxation (Information) Bill [HL]

    2

 

corresponds to the national burden of taxation, expressed as a proportion by

365th parts of the net national income.

     (3)    The day appointed for the public holiday shall be a day as close as is reasonably

practical to the estimated date, but shall not be a Saturday, Sunday or bank

holiday.

5

     (4)    The announcement of the day chosen for the holiday shall be made by the

Chancellor of the Exchequer in his Budget speech.

     (5)    An order made under subsection (1) shall be subject to approval by both

Houses of Parliament.

 3     Short title, commencement and extent

10

     (1)    This Act may be cited as the Taxation (Information) Act 2003.

     (2)    This Act comes into force at the end of the period of one month beginning with

the day on which it is passed.

     (3)    This Act extends to the whole of the United Kingdom.

 

 

 
contents
 
House of Lords home page Houses of Parliament home page House of Commons home page search page enquiries

© Parliamentary copyright 2003
Revised 3 June 2003