Stamp duty avoidance will be addressed in the next Finance Bill, with the Revenue promising to crack down on devices designed to reduce the rate at which duty is payable.The pre-Budget report also demonstrates the government's commitment to stop avoidance of tax and national insurance through the use of personal services companies. 'The necessary tax legislation will be included in the Finance Bill 2000,' the pre-Budget report said. Gordon Brown also pledged to prevent avoidance of capital gains tax through arrangements using gifts on the transfer of shares to companies by individuals and trustees with immediate effect. As previously announced, 'designer taxes' are also in the Revenue's sights, with changes to the tax rules of controlled foreign companies in Guernsey, Jersey, the Isle of Man, Gibraltar and Ireland.
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
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Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest outage comes a day after Barclays' IT systems shut out customers and staff