The draft Finance Bill has proposed more measures to tackle false self-employment. Andrew Goodall reports.
Andrew Goodall has a look at the TUC report on the deficiencies in the general anti-abuse rule (GAAR) and says we need to be clear about the type of avoidance that the GAAR is designed to address
Your guide to the key measures
The Trade Union Congress (TUC) this week released its report, The deficiencies in the general anti-abuse rule, criticising the government’s GAAR as ‘so poorly designed that it will allow 99% of tax avoidance to continue’.
Several international agreements have been signed in the past week. The UK has signed FATCA-style intergovernmental agreements with Montserrat, the Turks and Caicos Islands and the British Virgin Islands.
House of Lords Select Committee hearing
The exchequer secretary to the Treasury, David Gauke, sets out the government’s three main priorities on tax.
Sjoerd Douma & Bob van der Made, PwC, set out the key proposals.
Loopholes in the Parent-Subsidiary Directive (Council Directive 2011/96/EU) exploited by companies avoiding corporation tax are to be closed as part of a European Commission’s action plan to tackle tax evasion. The proposed reforms to the directive include:
The number of tax avoidance schemes disclosed to HMRC has fallen by more than a third in the past year. According to law firm Pinsent Masons, the number of schemes disclosed is at its lowest point since disclosure of tax avoidance schemes (DOTAS) launched in 2004.