HMRC will stage a series of open meetings to discuss the ‘substantial amount of work' remaining on the reclassifying protection business for providers under a new tax regime.
The revenue agency also revealed that discussions with stakeholders had been taking place since spring 2010, and this had worked well due to the constructive contribution of all parties.
It confirmed that a further consultation document on the implications and move to an accounts basis will be released in conjunction with the Treasury next month.
HMRC said that alongside the formal consultation will invite industry members, representative bodies and advisers to continue discussion of the issues.
"Following the decisions now being announced, there remains a substantial amount of work to be done to complete the job of constructing an effective new tax regime," an HMRC statement said.
"A single working group will be constituted with a membership to be agreed with representative bodies. This group will consider, distil and refine outcomes from the open meetings so that all options are identified and their implications for industry are fully understood.
"We are now moving into a new phase, in which it will be necessary to cover a lot of ground in a limited period to inform the drafting of legislation," it added.
The statement concluded by noting that there was scope for some flexibility within the arrangements and that it expected to retain the existing Friendly Societies and Mutuals working group.
