The General Anti-Abuse Rule Procedure (Amendment) Regulations 2017
Part 5 of the Finance Act 2013 makes provision for the General Anti-Abuse Rule (GAAR). In particular, it allows for arrangements that are thought to be abusive to be referred, in some circumstances, to the GAAR Advisory Panel. Schedules 43A and 43B to that Act set out a procedure under which, where one set of arrangements is referred to the Panel (the “lead arrangements”), equivalent arrangements can also be counteracted.
Lifecycle
Department
Made
13 Nov 2017
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In force
05 Dec 2017
Enabling power
The Treasury make the following Regulations in exercise of the powers conferred by paragraph 13 of Schedule 43A to the Finance Act 2013 and paragraph 10 of Schedule 43B to that Act.
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