GAAR launch delayed until next summer
Posted by mostafa on 12 December, 2012
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This item was filled under Tax
The introduction of one of the biggest developments in recent years in the fight against tax avoidance is to be delayed, the government announced yesterday.
The long-awaited general anti-abuse rule (GAAR) will take effect following royal assent of Finance Bill 2013 – expected in late July – rather than on 1 April as originally proposed.