text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 7 - Review of Anti-Tax Avoidance General Ant-Abuse Rule
  
  --- MOTION EFFECT ---
  
  @ MP voted no not to require a pre-implementation review of the general anti-abuse rule aimed at tackling tax avoidance. 
  @ MP voted aye to require a pre-implementation review of the general anti-abuse rule aimed at tackling tax avoidance. 
  
  The majority of MPs voted not to require a pre-implementation review of the general anti-abuse rule aimed at tackling tax avoidance.  
  
  This vote occurred while MPs were considering the Finance Act[1][2]. The text of the rejected amendment which was the subject of the vote stated:
  
  :(4) The Chancellor shall provide a report to Parliament within two years of the passing of this Act, as part of a wider post-implementation review, into the scope of GAAR, the application of the double reasonableness test and its deterrent effect.
  
  HMRC guidance on the "double reasonableness test" [3] states:
  
  :This requires HMRC to show that the arrangements âcannot reasonably be regarded as a reasonable course of actionâ. This recognises that there are some arrangements which some people would regard as a reasonable course of action while others would not.
  
  :The âdouble reasonablenessâ test sets a high threshold by asking whether it would be reasonable to hold the view that the arrangement was a reasonable course of action. The arrangement falls to be treated as abusive only if it would not be reasonable to hold such a view. 
  
  
  This would have added the above clause to the end of clause 203[3] (which appears on p118 of the Bill), titled "General anti-abuse rule". 
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2013-14/finance.html Parliament's webpage on the Finance Bill (now the Finance Act 2013)]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0154/cbill_2012-20130154_en_1.htm Finance Bill as introduced 28 March 2013]
  * [3] [http://www.hmrc.gov.uk/avoidance/gaar-part-abc.pdf HMRC Guidance on the general anti-abuse rule (GARR) (See p10)]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  