General Anti Abuse Rule (GAAR)
An important consultation document doing the rounds at the moment is the new General Anti Abuse Rule (GAAR) which is targeted at artificial and abusive tax avoidance schemes which can not be reasonably...
View ArticleSignificant increase in HMRC house searches as taxman targets tax evaiders
HMRC has performed 192 property searches in the first quarter of 2012, which is three times higher than any quarterly record available. In 2011/12 there were 499 searches of residential homes and...
View ArticleHMRC target tax schemes
HMRC have over the last few years been targeting schemes where investors have been receiving tax benefits in excess of their contributions to the scheme. Investors often put up just a fractions of the...
View ArticleTax Avoidance
Tax avoidance is an all too common headline in the papers these days, it seems as though almost every celebrity is at it to some degree or another, while the man or woman in the street is struggling to...
View ArticleHave you used a tax avoidance scheme?
The Finance Bill has now received Royal assent and controversial accelerated payment notices are now law. This means from next month HMRC can issue accelerated payment notices to people HMRC consider...
View ArticleAre HMRC are getting touch in their approach to tax avoidance?
HMRC have been talking tough with regard to tax avoidance for a number of years but do the numbers backup the hard talk? Thomson Reuters data seems to back this up with an increase in the number of...
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