I love this. A series of posts. All saying much the same thing.
Because HMRC already has the power to stop abusive tax shenannigans and has done so in the case of Barclay\’s this proves that HMRC must have more power.
That HMRC were able to put a stop to it without the general anti-avoidance principle of Ricthie\’s dreams shows that we don\’t need a general anti-avoidance principle to put a stop to these shenannigans.