The draft Tax Avoidance Schemes (Penalty) (Amendment) Regulations 2010 amend SI 2007/3104, which increased from £600 to £5,000 per day the maximum penalties for failure to comply with certain disclosure obligations where the tribunal has made a disclosure order, to prescribe similar increased max
MPs debated corporation tax and capital gains tax measures on 12 July.
Joseph Howard considers what constitutes 'cheating' the Revenue and how HMRC are likely to react
There is a consensus that the introduction of a GAAR must be accompanied by a clearance mechanism.
Andrew Goodall reports on the main concerns around the potential introduction of a GAAR
Review of the Budget by James Bullock and Jason Collins
Review of the Budget by Bill Dodwell
John Cullinane on anti-avoidance measures
Review of the Budget by Tony Beare
Philip Ridgway on anti-avoidance