HMRC update on simplifying anti-avoidance legislation published | Practical Law
On 17 July 2008, HMRC published the next stage in its consultation on simplifying anti-avoidance legislation. The new paper sets out, in broad terms, its proposals for changes in relation to the "unallowable purpose" test, the "transactions in securities" legislation and shares acquired by employees. Comments on proposals are requested by 30 September 2008.