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Disclosure Of Tax Avoidance Schemes

Stephen Edge Slaughter and May gives us his initial reaction to the proposals in the Finance Bill regarding the disclosure of tax avoidance schemes
The appearance of the Finance Bill just before the Easter break has done little to cast further light on the scope and likely impact of these proposals. Indeed the omission of the key part of the 'notifiable arrangements' definition (to follow in Regulations later) rather suggests either that these ideas are now seen not to have been properly thought through at the time of the Budget announcement (which would be appalling) or that the Inland Revenue is taking time out to reflect on the barrage of comments it has received (which would be appropriate).
In principle there is nothing wrong with the UK following other...
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