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Widening the Disclosure Regime

Some two years since it was launched the disclosure regime is about to undergo a major extension as Richard Collier-Keywood UK head of tax for PricewaterhouseCoopers LLP explains. But will it work effectively?
Most tax advisers were not surprised when in the December 2005 Pre-Budget Report (PBR) the Chancellor of the Exchequer announced that the tax avoidance disclosure (TAD) regime was going to be extended. It always seemed likely that the tax authorities would want to build on the success of the regime tightening up on perceived loopholes as they went. The PBR announcement referred to:
●     extensions to all of income tax capital gains tax (CGT) and corporation tax;
●     a 30-day disclosure regime for in-house schemes;

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