Session 2014 - 15
Internet Publications
Other Bills before Parliament
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| | | “Report on tax advantages arising from tax arrangements that are abusive |
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| | | (1) | The Chancellor of the Exchequer shall, within six months of this Act receiving |
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| | | Royal Assent, publish and lay before the House of Commons a report setting out |
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| | | further proposals to reduce the tax advantages arising from tax arrangements that |
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| | | (2) | The report referred to in subsection (1) must in particular include proposals |
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| | | (a) | the exemption from the obligation to deduct tax on yearly interest in |
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| | | respect of interest received on a quoted Eurobond contained in section |
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| | | 882 of the Income Tax Act 2007; |
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| | | (b) | disguised employment in the construction sector; and |
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| | | (c) | the use of dormant companies as a means of tax avoidance. |
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| | | (3) | The report referred to in subsection (1) must set out the estimated impact of the |
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| | | proposals contained in the report on the total receipts paid to the Exchequer.” |
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