General Anti-Avoidance Rule effective immediately

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#1

General Anti-Avoidance Rule effective immediately

7 December 2010, 20:45

THE government yesterday announced a clampdown on tax avoidance which it said would raise £2bn, drawing fierce criticism from business groups.

David Gauke, the Treasury minister in charge of taxation, announced a raft of measures, including two that will come into force with immediate effect. He said the changes would raise £2bn by the end of the parliament.

Firms up in arms at £2bn tax raid | City A.M.

Looks like EBTs and other schemes are in the sites. Apparently this is to appease the lib dems and show that they can set some policies seeing as they're getting such spanking form the students

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AtW

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#2

7 December 2010, 21:11

Do you think the Treasury really need to appear the Lib Dems in order to clamp down on tax avoidance and raise £2 bln (equivalent to 1% of income tax I think - can't find link to back it up just now)?
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#3

7 December 2010, 23:37

Nope but it keeps the Tories hands clean.

Always forgive your enemies; nothing annoys them so much.
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