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HMRC wins GAAR ruling on employee shareholder share abuse

The GAAR advisory panel has issued a ruling clamping down on a scheme involving the extraction of cash or value from a company by its directors and shareholders using employee shareholder shares.

  • Shared by Accountancy Daily
  • October 09, 2019
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The decision supports HMRC’s view that such tax arrangements are not a reasonable course of action and are judged to be abusive.

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