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Lord Myners (Labour)

To ask Her Majesty's Government whether they will publish guidance on the circumstances in which they will introduce retrospective tax measures.

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Lord Sassoon (Conservative)

The Government recognise that there is a balance to be struck between improving stability and predictability in the tax system and acting to reduce risk to the Exchequer.

At Budget 2011, the Government published a "Protocol on unscheduled announcements of changes in tax law" in the document Tackling Tax Avoidance. The protocol states that "changes to tax legislation where the change takes effect from a date earlier than the date of announcement will be wholly exceptional".

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