Author Description

This is the third in a series of reports, which began with the Finance Bill 2003, that examine the technical issues of tax administration. The focus of this report is 'Countering Tax Avoidance' because of it is both important to the Government's taxation strategy and the projected yields are great. The key provisions examined are: Clause 6 and Schedule 1, Disclosure of the Value -Added Tax Avoidance Schemes; Clause 12 and Schedule 2, Direct Tax-Employee Securities Anti-Avoidance; Clause 39 Schedule 7, Avoidance involving Financial Arrangements.