On 28 March 2018, HMRC published updated guidance for the general anti-abuse rule (GAAR).
In particular, Parts A, B and C have been updated to explain:
• the purpose and status of the guidance
• what the GAAR is designed to achieve, and
• how the GAAR operates.
Advice is also given on how to recognise an abusive tax arrangement and the process for counteracting such an arrangement.
A copy of the guidance is available to view here.