In December 2010 the Government asked Graham Aaronson QC to lead a study programme into a General Anti-Avoidance Rule (GAAR). The group will complete its study by 31 October 2011.
This study will consider whether a GAAR could deter and counter tax avoidance, whilst providing certainty, retaining a tax regime that is attractive to businesses, and minimising costs for businesses and HMRC. The Government is committed to predictability and stability for the UK tax system, and would not introduce a GAAR without further formal public consultation.
As the study passes its midway point, the study group has written a progress summary, which is available to view together with a reply from the Exchequer Secretary to the Treasury David Gauke MP.
Related links
- Letter from Graham Aaronson QC to the Exchequer Secretary to the Treasury, David Gauke MP, dated 9 June 2011 (PDF)
- Response by the Exchequer Secretary to the Treasury to Graham Aaronson QC (PDF)
- General Anti-Avoidance Rule Study Group: Study Programme
- Study of a General Anti-Avoidance Rule: Terms of Reference (PDF)
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