Government to consult further on introducing a general tax avoidance prohibition in 2013 – OUT-LAW.com
“The Government has accepted that the introduction of a general anti-avoidance rule (GAAR) will improve the UK’s tax avoidance strategy whilst maintaining competitiveness, and will consult further with business on introducing a GAAR into the UK tax system, the Chancellor confirmed in today’s Budget.”
OUT-LAW.com, 21st March 2012
Source: www.out-law.com