Tax avoidance summit results awaited
The tax planning industry is waiting with baited breath for the outcome of yesterday's high-level summit designed to thrash out rules for disclosing avoidance schemes to the Inland Revenue.
The heads of tax from all the Big Four accounting firms met with Treasury officials yesterday.
Despite the huge implications such a move will have on business and the profession, the measures will come into force on 1 April, leaving just two weeks for representatives to have their say.
Along with the Big Four, other accountancy firms, lawyers and professional bodies attended yesterday’s meeting.