On 28 April 2008, HMRC published an update on the status of the consultation, announcing that two documents would be issued in May, setting out how this consultation is to proceed (see Legal update, Financial products avoidance: status update).
However, on 2 June 2008, HMRC issued a statement that Finance Bill work had delayed the completion of these documents and that HMRC now expects to publish them in the latter half of June 2008.