Introduction Summary
1.Section 67 will ensure that employee liabilities will only be relieved where they are not derived from arrangements the main purpose, or one of the main purposes, of which is the avoidance of tax. It will apply to individuals who seek to use sections 346 and 555 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) to obtain tax relief using tax avoidance arrangements. It will have no impact on those using the relief who are not attempting to avoid tax. It will have effect from 12 January 2009.