The government has decided not to proceed with proposed changes to the matching rules for the ITA 2007 s 731 benefits charge, after respondents to a follow-up consultation suggested that amending the rules in isolation risked ‘unintended consequences of unfairness and opening new opportunities for avoidance’.
A minority of stakeholders said the transfer of assets regime was outdated and required comprehensive review. HMRC said it would continue to work closely with members of a working group to develop improved guidance.
The government has decided not to proceed with proposed changes to the matching rules for the ITA 2007 s 731 benefits charge, after respondents to a follow-up consultation suggested that amending the rules in isolation risked ‘unintended consequences of unfairness and opening new opportunities for avoidance’.
A minority of stakeholders said the transfer of assets regime was outdated and required comprehensive review. HMRC said it would continue to work closely with members of a working group to develop improved guidance.
