n Business Tax and Company Law Quarterly - A general anti-avoidance rule - finding its feet in the United Kingdom

Volume 3, Issue 4
  • ISSN : 2219-1585


South Africa saw the implementation of a revised general anti-avoidance rule ('GAAR') in 2006. After many years, in the United Kingdom, Her Majesty's Revenue and Customs ('HMRC') has seen fit to follow suit by proposing the introduction of a new GAAR. Recently, HMRC published draft legislation for comment and consultation with a view to such introduction of a GAAR in the UK tax code during 2013. This article explores the similar themes and the somewhat startling differences in the South African GAAR ('the SA GAAR') and the UK's proposed GAAR.

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