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PBR 06: Brown to bring in billions on tax avoidance crackdown

Kevin Reed, Accountancy Age, 06 Dec 2006

Composite companies to be hit in tax avoidance crackdown

Measures to hit tax avoidance will bring in billions of pounds for the government, according to pre-Budget report statistics.

Hitting composite companies, corporates, stamp duty land tax and capital gains tax avoidance will help the government bring in over £6bn in revenues up to 2009/2010.

New measure to hit composites will recoup a billion pounds over the next three years.

Countering corporation tax avoidance will recoup nearly a billion pounds by 2010.

Increasing air passenger duty rates will bring in over £3bn.

More to follow...

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