Phoenixed companies defeated by TAAR

A company is said to have been ‘phoenixed’ when a business owner winds up his company and continues the same business in another company, or in some other format.

In an article on Accounting Web Pete explains how new targeted anti-avoidance rules (TAARs) introduced by HMRC  will be difficult to deal with in practice.

Read the full article, Phoenixed companies defeated by TAAR here.