HMRC has published its draft guidance on the 'Disguised Remuneration' legislation included in the Finance Act 2011.
HMRC has issued a consultation on limiting the amount of tax relief available to employers when they make asset-backed contributions to their DB schemes.
Yesterday, the Government launched a 'study programme' to establish whether an effective General Anti-Avoidance Rule (GAAR) could be developed to form part of the UK tax system.
In the Budget held on 24 March 2010, HMRC published a discussion document regarding the proposed introduction of a generic or principles-based rule to respond to certain arrangements termed "group mismatch schemes".
The 2010 UK Government budget was handed down on 24 March.
The Budget 2009 introduced several unexpected reforms to the current tax regime with arguably the greatest surprise to businesses and advisers being the introduction of legislation relating to senior accounting officers (SAO).
It may be remembered that Mr Darling proposed in his Budget that the senior accounting officer of a company would be obliged to ensure that the accounting systems are adequate for the company to make accurate tax returns.
Apart from the welcome corporate tax exemption for dividends from non-UK companies, it was unknown what this Budget would hold for tax advisers (and their clients).