Consultation outcome

Tax avoidance involving profit fragmentation

From:: HM Revenue & Customs
Published: 10 April 2018
Last updated: 6 July 2018 — See all updates

Read the full outcome

Tax Avoidance involving Profit Fragmentation - summary of responses

PDF, 286 KB, 16 pages

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Detail of outcome

We received 16 responses, mainly from professional bodies and advisors, and would like to thank everyone who contributed.

You can read the draft legislation, and the supporting explanatory note and tax information and impact note.

Original consultation

Consultation description

We are inviting views on proposals to tackle tax avoidance schemes designed to move UK profits outside the charge of UK tax, often using offshore trusts and companies.

The new legislation, which we intend to take effect in April 2019, would bring these profits within the UK tax charge and require notification of the arrangements to HMRC and earlier payment of tax.

We would welcome your comments on the proposals, to assist in the design of the legislation.

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