 |
answer text |
<p>Last year HMRC secured and protected over £30 billion by clamping down on tax avoidance,
evasion and non-compliance.</p><p> </p><p>This has been possible, in part, as a result
of HMRC’s work on the OECD-led Base Erosion and Profit Shifting project, and the successful
introduction of new rules such as the Diverted Profits Tax.</p><p> </p><p>This Government
announced a new package of measures at Budget 2018 that further strengthen the existing
rules. This package included a specific measure aimed at tackling tax avoidance involving
the fragmentation of UK business profits. These Profit Fragmentation rules ensure
that the amount of business profits that should be taxable in the UK are fully-taxed
in the UK.</p><p> </p><p> </p>
|
 |
