Tax avoidance targeted

Posted on 6 Dec 2010 by The Manufacturer

New measures to try and prevent corporate tax avoidance have been announced by the Treasury today.

It is expected that the measures will raise over £2bn in extra revenue over the course of the next four years. With immediate effect, companies will no longer be allowed to use loans to other companies within the same group to reduce the group’s tax bill and companies will be more liable to include loans…

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