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Certificates of Tax Deposit

Question for HM Treasury

UIN HL4681, tabled on 15 January 2018

To ask Her Majesty's Government what plans they have to replace the Certificates of Tax Deposit Scheme with a comparable replacement; and what consultation they will undertake on this subject.

Answered on

25 January 2018

There are no plans to replace the Certificate of Tax Deposit Scheme.

Closure of the Certificate of Tax Deposit scheme will make the tax system simpler and fairer. New certificates are no longer available to buy but existing ones will continue to be honoured until 23rd November 2023, giving up to six years for existing users to adjust to the change. There are no plans for consultation on a replacement.

Answered by

Treasury