A strange brew

FOR THOSE OF us who are unfamiliar with the heady world of corporate tax the thought of corporate tax anti-avoidance measures can be even more daunting. Transactions on a personal level seem somehow more understandable than those involving corporate bodies. However help is often at hand in the most unlikely places; some of the hippies who spent their youth sitting in muddy fields listening to 'the heavy bands' and 'morning maniac music' are now apparently working for HMRC and a few even appear to be involved in the writing of the HMRC manuals. These occasionally provide proof that inside every fifty-year old HMRC Inspector there still lives a little hippy who is struggling to get out.
Possible evidence of this was in the Example (below) where members of 'Cream' (the original 'supergroup' for our younger readers) apparently made a 'surprise appearance' in a leasing transaction in...