It follows prime minister Theresa May’s pledge last month to clamp down on corporate tax avoidance – widely seen as part of an appeal to working-class Britons struggling with their finances. “People who peddle tax avoidance schemes deny the country of vital tax revenue and this government is determined to make sure they pay. A complex tax avoidance scheme being used by transport group Stagecoach to wipe £11m off its tax bill was defeated in the tax courts in March. “These advisers have got away with too many dodgy schemes and often marketing tax avoidance wheezes on an industrial scale. If this new measure stops this dodgy tax advice it should end much of the aggressive tax avoidance.

Source: The Guardian August 16, 2016 23:01 UTC