Tax avoidance update

The Government has in recent years clamped down significantly on tax avoidance schemes, in particular introducing the Disclosure of Tax Avoidance Schemes (“DOTAS”) which obliges promoters and users of tax avoidance schemes to provide early information to HMRC. It also introduced the General Anti-Abuse Rule (“GAAR”) which allows HMRC to counteract tax advantages arising from abusive tax arrangements that do not stay within the spirit of tax legislation. In short if there is a tax arrangement which has the aim of achieving a result that Parliament did not anticipate and which cannot reasonably be regarded as reasonable then it will fall foul of the GAAR and HMRC penalties are likely to follow. It remains to be seen how the Courts will interpret the GAAR.

Read the full article on our dedicated website for insurance professionals >>


This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

Legal news, views & updates for the insurance industry

Our dedicated insurance law website offers insight into how market trends and developments could impact the industry. Our specialist legal teams analyse key case law, procedural and legislative change, and highlight emerging issues to keep you informed on the latest developments.

Visit our dedicated Insurance website

Simon Mason

Partner - Executive Partner (Bristol)

Throughout my career, I have specialised in professional indemnity work acting for insurers and their insured professionals.