Call now: 0800 135 7157

Your specialist freelancer and contractor accountant

General Anti Abuse Rule (GAAR)

An important consultation document doing the rounds at the moment is the new General Anti Abuse Rule (GAAR) which is targeted at artificial and abusive tax avoidance schemes which can not be reasonably regarded as a reasonable course of action having regards to the circumstances.

This is already a gray area, and hopefully these rules will bring a bit of clarity around it, but any legislation needs to come with clear guidance, the better the guidance the more chance the legislation will achieve what it intends to.