Kevin Reed, Accountancy Age, Friday 20 August 2010 at 10:32:00

GAAR discussions begin in Whitehall


Discussions about introducing a general anti-tax avoidance rule are takingplace in Whitehall this month, reported theFT.

Introducing a GAAR was first mooted a decade ago, but the Treasury and HMRevenue & Customs launched a consultation in July to reconsider the idea.

The main concern voiced about a general provision for anti-avoidance is thepotential uncertainty it creates in the tax system.

Further reading:

Treasurysteps up anti-avoidance plans

Advisersfear Budget anti-avoidance plans

EmergencyBudget: The problems with GAAR