PracticeAccounting FirmsBudget 2004: Firms face avoidance schemes clampdown

Budget 2004: Firms face avoidance schemes clampdown

Gordon Brown has used today's Budget to clamp down on accountancy firm's advising companies to use tax shelters in order to reduce their liabilities.

Link: Budget 2004

He said any companies using shelters would have to register the schemes with the Inland Revenue. He has also closed loopholes in partnerships, leaseholds and VAT.

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