UK to raise extra �500 million in tax crackdown - source

LONDON (Reuters) - Britain's coalition government will announce in its 2011 budget plans to claw back an extra 500 million pounds per year from tax avoidance, a government source said on Monday. A 1 billion pound annual tax crackdown package will be set out on Wednesday, increasing the scope of -- and doubling the haul from -- measures set out in December which targeted the areas of company remuneration, currency plays in accounting and value added sales tax.

Source: http://uk.reuters.com/article/2011/03/22/uk-britain-budget-avoidance-idUKTRE72K7IH20110322?feedType=RSS&feedName=domesticNews

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