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Eversheds comment: Autumn Statement - tax avoidance measures need considered, structured approach

  • Global
  • United Kingdom

    25-11-2015

    On likely anti-tax avoidance measures to be covered in today’s Autumn Statement, Ben Jones, partner and tax expert at law firm Eversheds, comments:

    “A heavy focus on the OECD Base Erosion and Profit Shifting (BEPS) outcomes, announced in October, is expected in the Autumn Statement. The UK has been leading the charge on BEPS, both at the OECD level and domestically. While several consultations in key areas have already been issued (for example, on interest deductibility and the Patent Box), further responses are anticipated. In addition, draft legislation may be tabled for the most advanced area of hybrid mismatches.

    “Given the implications for business, it is hoped that a considered, structured approach will be taken to legislating for BEPS and that there is no repeat of the rushed adoption of the Diverted Profits Tax.”

     

     

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