On March 31, 2017 HM Revenue & Customs (HMRC) released the latest version of General Anti-Abuse Rule (GAAR) guidance. The guidance consists out of the following 5 parts, which are divided over 3 documents:

·   Part A – purpose and status of the guidance

·   Part B – summary of what the GAAR is designed to achieve and how it operates to achieve it

·   Part C – specific points

·   Part D – Examples

·   Part E – GAAR procedure 2

According to the HMRC the guidance is published with two main objectives:

·   The first is to give, in layperson’s language, a broad summary of what the General Anti-Abuse Rule (the GAAR) is designed to achieve, and how the GAAR operates to achieve it.

·   The second is to help with the interpretation and application of the GAAR, by discussing its purpose, considering particular features of the GAAR and, where appropriate, illustrating that discussion by means of examples.

Click here to be forwarded to the document containing the Parts A, B and C of the GAAR guidance.

Click here to be forwarded to the document containing Part D of the GAAR guidance.

Click here to be forwarded to the document containing Part E of the GAAR guidance.

Copyright – internationaltaxplaza.info

Stay informed: Subscribe to International Tax Plaza’s Newsletter! It’s completely FREE OF CHARGE!

and

Follow International Tax Plaza on Facebook