Quote:
In December 2010 the Government asked Graham Aaronson QC to lead a study that would consider whether General Anti-Avoidance Rule (GAAR) could deter and counter tax avoidance, whilst providing certainty, retaining a tax regime that is attractive to businesses, and minimising costs for businesses and HMRC.
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Quote:
The report by Graham Aaronson QC was published on 21 November 2011. The Government accepts the recommendation of the Aaronson report that a General Anti-Abuse Rule targeted at artificial and abusive tax avoidance schemes would improve the UK’s ability to tackle tax avoidance. The Government intends to bring forward legislation to this end in Finance Bill 2013
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http://www.hm-treasury.gov.uk/tax_avoidance_gaar.htm
It would appear that efforts are well under way
this is worth a read as well
http://www.telegraph.co.uk/news/poli...loopholes.html