General Anti-Avoidance Rule - CIOT and ATT comments

The CIOT and ATT comments, sent to HMRC on 27 January 2012, regarding the proposals for a General Anti-Avoidance Rule (GAAR) as set out in 'The Aaronson Report'. It represents the combined views of the CIOT and ATT; it has also had input from LITRG.

The submission, and the GAAR report to which it refers, are available here in Adobe (pdf) format.

Background

In December 2010 the Government asked Graham Aaronson QC to lead a study that would consider whether General Anti-Avoidance Rule (GAAR) could deter and counter tax avoidance, whilst providing certainty, retaining a tax regime that is attractive to businesses, and minimising costs for businesses and HMRC.

The report by Graham Aaronson QC was published on 21 November 2011 and can be found below, or at the following address:

http://www.hm-treasury.gov.uk/tax_avoidance_gaar.htm

Technical Team

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