10 April 2018

HMRC: Tax avoidance involving profit fragmentation

HMRC are inviting views on proposals to tackle tax avoidance schemes designed to move UK profits outside the charge of UK tax, often using offshore trusts and companies. New legislation which will take effect in April 2019, would bring these profits within the UK tax charge and require notification of the arrangements to HMRC and earlier payment of tax.

Tax Avoidance involving Profit Fragmentation - consultation document

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