½Û×ÓÊÓÆµ

General anti-abuse rule (UK GAAR)

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

General anti-abuse rule (UK GAAR)

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

What is the GAAR?

The GAAR (general anti-abuse rule) is a general approach to tackling tax avoidance. It seeks to counteract tax advantages arising from abusive tax arrangements. The counteraction is exercised by making adjustments on a just and reasonable basis. This guidance note refers to the GAAR as the UK GAAR to distinguish the provisions from the Scottish general anti-avoidance rule (Scottish GAAR) and the Welsh general anti-avoidance rule (Welsh GAAR) which have effect in relation to the devolved taxes (see the Scottish general anti-avoidance rule (Scottish GAAR) and Welsh general anti-avoidance rule (Welsh GAAR) guidance notes respectively).

Scope and priority of the UK GAAR

The UK GAAR takes priority over any other part of tax legislation and forms part of the UK's anti-avoidance framework.

The taxes covered by the UK GAAR are:

  1. •

    income tax

  2. •

    corporation tax (which includes any amount chargeable as if it were corporation tax or treated as if it were corporation tax)

  3. •

    capital gains tax

  4. •

    petroleum revenue tax (PRT)

  5. •

    diverted profits tax (DPT)

  6. •

    the apprenticeship levy

  7. •

    inheritance

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

Supplies of goods and services connected with education

Supplies of goods and services connected with educationThis guidance note provides an overview of the VAT treatment of goods and services provided in connection with supplies of education. This should be read in conjunction with the following guidance notes:•Supplies of education•Local authority

14 Jul 2020 13:44 | Produced by Tolley Read more Read more