What is General Anti-Abuse Rule (GAAR)? | A Complete Guide
The General Anti-Abuse Rule (GAAR) was introduced as part of the UK’s tax legislation to target abusive tax avoidance schemes that exploit loopholes in the tax laws. Established under the Finance Act 2013, it was designed to give HM Revenue & Customs (HMRC) the legal framework to challenge and counteract tax avoidance strategies that are deemed abusive or aggressive, rather than commercially sound or legitimate.