UK Parliamentary briefing: tax avoidance and tax evasion

On 23 December, the House of Commons Library published a briefing paper saying that the UK Government has continued to introduce provisions to tackle both tax avoidance and tax evasion, including measures in both the Spring & Autumn Budgets in 2017, and the 2018 Budget.  This briefing provides an introduction to the issue of tax avoidance, looking in detail at the development of follower notices and accelerated payments, before discussing the current Government’s approach, including the introduction of the 2019 Loan Charge. It notes that although there is no statutory definition of what tax avoidance consists of, tax avoidance is to be distinguished from tax evasion, where someone acts against the law; and aggressive or abusive avoidance, as opposed to simple tax planning, will seek to comply with the letter of the law, but to subvert its purpose.

https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7948

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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