Artificial transactions such as intra-group transfers of assets and bed & breakfasting will be targeted from 23 December 2002.
But changes affecting case 1 profits, artificial transfers of business proposals and overseas life insurance companies will take affect from 1 January 2003.
The crackdown was reported to parliament last week by paymaster generalDawn Primarolo in a written answer to a question in the Commons.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay