Tax avoidance: a General Anti-Avoidance Rule - background history (1997-2010)

House of Commons Library

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UK Parliament researchUK Parliament research
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https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN02956https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN02956
Retrieved on: 
Thursday, January 16, 2020
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Tags: 
Tax avoidance, Tax, Abuse, Purposive approach, Articles, Economy, International taxation, Corporate tax avoidance, Shome Panel
Summary
Key Points: 
  • House of Commons Library

    This note gives some background to the earlier debates there have been on the case for a general statutory prohibition of aggressive tax avoidance, in relation to the Coalition Government's introduction of a General Anti-Abuse Rule in 2013.

  • UK tax law is specifically targeted rather than purposive: in tackling the exploitation of loopholes in the law, governments have legislated against individual avoidance schemes as and when these have come to light.
  • [2] Mr Aaronson argued in favour of a moderate rule targeted at abusive arrangements.
  • [3] Provisions in the Finance Bill 2013 for the new General Anti-Abuse Rule were agreed, without changes, and the new rule came into force on 17 July 2013.
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