On 14 June 2016, UK HM Treasury published amendments of the Finance Bill 2016 concerning the application of the General Anti-Abuse Rule (GAAR). These include:
- Amendments to Clauses 144 and 145: Provisional counteractions and binding of tax arrangements to lead arrangements:
- To ensure that GAAR procedural changes work as intended, and ensure that consequences that already result from a GAAR counteraction apply equally under the new GAAR counteraction procedures; and
- To ensure that those who e…