Budget2012: Anti-avoidance scheme to be introduced
General tax anti-avoidance scheme could be introduced in next year's finance bill
The UK will introduce a general anti-avoidance tax scheme next year the Chancellor has said in his budget.
George Osborne said that he has consultated on anti-avoidance measures and found that it would not damage UK competitiveness.
He hopes that details of the scheme will be consulted on and introduced in next year’s finance bill.