Budget 2008: Anti-avoidance measures
Recent budgets have contained an ever-increasing swathe of anti-avoidance measures, and this year's was no exception. Here's a run-down of HMRC's latest fire-fighting techniques.
Manufactured payments and income tax
As announced by ministerial statement on 31 January, legislation will be introduced in the Finance Bill 2008 to prevent tax advantage gained through the manufactured payments regime.