Tax Avoidance Not the Same as Tax Planning Says HMRC
This article was first published in Tax Journal, 7 September 2012
'The best way to tackle tax avoidance is to prevent it ... by designing tax law effectively ...'
The vast majority of UK taxpayers do not avoid or evade tax, and avoidance accounts for about 1% of tax due, according to a new HMRC 'issue briefing' on tackling tax avoidance.
The department said the best way to tackle tax avoidance was 'to prevent it arising in the first place, by designing tax law effectively, underpinned by clearly-stated policy objectives' ....
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First published in Tax Journal, 7 September 2012