The global tax environment has entered a new phase of complexity and the UK has embraced this development.

The global tax environment has entered a new phase of complexity and the UK has embraced this development. For anyone operating within the UK tax net, the last year has seen the announcement and, in some cases implementation, of an array of new measures aimed at preventing aggressive tax avoidance.

Unfortunately, even if you would not classify yourself as an aggressive tax avoider, you need to be aware of these developments and, in certain circumstances, act now. We invite you to breakfast with us where we will be discussing three of the more recent developments:

• the OECD’s Base Erosion and Profit Shifting project;
• the recently announced Diverted Profits Tax; and
• the various tax information exchange agreements that the UK has entered into with the Crown Dependencies and some Overseas Territories (referred to as CDOT or UK FATCA).