Research and analysis

Evaluating the announcement of back-dated Anti-Avoidance Legislation

An evaluation of the impact of the December 2004 announcement that in the future, remuneration-based avoidance schemes would be closed down with retrospective effect

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HM Revenue and Customs Working Paper 6: Evaluation of the December 2004 Anti-Avoidance Legislation announcement

An evaluation of the impact of the government’s December 2004 anti-avoidance announcement made at Pre-Budget Report 2004. The crux of this announcement was that in the future, remuneration-based avoidance schemes would be closed down with retrospective effect.

The aim of this announcement was to cause a permanent change in avoidance behaviour, bringing an end to remuneration-based avoidance.