Andrew Goodall reports on the main concerns around the potential introduction of a GAAR
The prospect of a general anti-avoidance rule (GAAR) raises many concerns said the CIOT but Scottish chartered accountants had told the new Chancellor that ‘too many of the best brains in Britain are focused on tax avoidance’.
The ‘emergency’ Budget announced that HMRC will consult informally on the merits of introducing a GAAR in an effort to develop a more strategic approach to the risk of tax avoidance to prevent increasing complexity and reduce the need for frequent legislative change.
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Andrew Goodall reports on the main concerns around the potential introduction of a GAAR
The prospect of a general anti-avoidance rule (GAAR) raises many concerns said the CIOT but Scottish chartered accountants had told the new Chancellor that ‘too many of the best brains in Britain are focused on tax avoidance’.
The ‘emergency’ Budget announced that HMRC will consult informally on the merits of introducing a GAAR in an effort to develop a more strategic approach to the risk of tax avoidance to prevent increasing complexity and reduce the need for frequent legislative change.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
