‘There is still a great deal of confusion over these rules,’ Mike Warburton, senior tax partner at Grant Thornton, the told Financial Times. ‘If the Revenue refuses to confirm who will be caught and who won’t, it will be impossible for people do their tax planning and for providers to sell many types of trusts.’
Warburton was referring to one of the most contentious schemes currently being addressed by the Revenue – pre-owned assets.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham
Drastically fewer offices for HMRC in the hope to reduce their running costs