Continuing Attack on Avoidance
The Chancellor has continued his focus on ensuring that people “play by the rules” and do not seek to avoid tax. This could be regarded as disingenuous as technically the tax avoidance regime requires playing by a strict interpretation of the rules. I guess he means he wants people to abide by the spirit (or moral compass) of the law. He referred again to the introduction of the General Anti Abuse Rule and the naming and shaming process. He also mentioned further action to be taken but no details as yet. I assume the lack of any cut to HMRC’s budget also reflect his desire to increase the overall tax take.
Date: 20th March, 2013
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Foreign Direct Investment Post Brexit bit.ly/2iizp47 Andy Crook's latest article in our UK Inward Investment publication
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole