BUDGET MARCH 2010: Tax Avoidance – Complexity is not the answer
The Chancellor announced a raft of measures with the stated aim of protecting the tax system. In addition to further measures targeting failures to declare offshore income, there is a package of new rules to close loopholes and tackle arguably aggressive tax planning which HMRC perceive to be abusive. Stuart Lisle, Tax Partner at BDO LLP in Southampton commented: "All Budgets, whatever the political colour of the Chancellor, contain a swathe of so-called anti-avoidance provisions recommended by HMRC and this year proved no exception. Despite the stress Alistair Darling placed upon these