TaxAdministrationFinance bill tackles evasion and avoidance

Finance bill tackles evasion and avoidance

The Treasury has published the 2004 finance bill enacting many of the Budget measures announced by Gordon Brown in last month's speech, including measures to stamp out tax evasion and abusive avoidance schemes.

Link: Budget 2004 at-a-glance

The bill provides explanation on new measures to do with betting and gaming, alcohol and tobacco duties, VAT, stamp duty land tax and stamp duty.

Paymaster general Dawn Primarolo said the bill introduces ‘important measures to modernise taxes, keeping pace with real world developments and with the global economy, and to tackle avoidance and evasion’.

The bill provides greater detail of the measures outlined in the Budget and schedules for when new legislation will come into place.

More details on the finance bill to follow.

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