Is there any TAAR against "Moneyboxing"

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I read legislation before 6th April 2016 that HMRC were planning on brining in TAAR to prevent moneyboxing but this was more complicated that Phoenixing and that they needed a consultation on it.

Has anything progressed with this? Is there actually any legislation that currently prevents it?

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By Kim Jong Un's Hair
17th May 2017 16:24

No I believe only phoenixing is affected.

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By SteveHa
18th May 2017 08:45

Nothing as yet, but don't assume that it's off the table. I fully expect this to come back after the election.

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By Dick Stastey
18th May 2017 10:41

There is actually a provision that catched moneyboxing.

It has been slipped into the transactions in securities legislation, but HMRC must use the counteraction procedure to give it effect.

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Replying to Dick Stastey:
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By tonycourt
19th May 2017 22:22

I'm interested in seeing that - have you a link or details of the statute?

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