1. GENERAL NEWS
1.1. Finance Act 2012
The Finance Bill completed its House of Lords stages on 16 July
and received Royal Assent on 17 July 2012, becoming the Finance Act
2012.
services.parliament.uk/bills/2012-13/financeno4.html
www.legislation.gov.uk/ukpga/2012/14/contents/enacted
1.2.Lifting the Lid on Tax Avoidance Schemes
HMRC has published a consultation document which describes a
significant new programme of work the Government is developing to
improve the information available to both HMRC and customers about
tax avoidance schemes and the risks of using them.
Firstly, it describes a range of options to improve the
provision of information about tax avoidance – to ensure
that where tax avoidance schemes are identified, the public knows
about the risks of using them. That is key to the Government's
strategy of ensuring that everyone pays their fair share of tax and
in making it clear that tax avoidance is unacceptable.
